ERISA lawsuit over Eaton $12bn merger rejected in court
An ERISA lawsuit filed against engineering product manufacturer Eaton Corp. has been dismissed by an Ohio federal judge. The suit alleged that the company did not protect employees who had invested in Eaton's retirement fund from the business’ losses after a $12bn merger with Cooper Industries.
By Dorothy Atkins (March 27, 2017, 3:41 PM EDT) -- An Ohio federal judge dismissed on Friday an ERISA action against the officers of engineering products maker Eaton Corp. that alleges they failed to protect employees who had invested in the company's retirement fund from losses following Eaton's $12 billion merger with Cooper Industries PLC....

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