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Cooper Industries plc, CBE Securities Lawsuit

Company: Cooper Industries plc,
Ticker Symbol: CBE
Class Period: May-21-12 to Jul-9-12
Date Filed: Jul-9-12
Lead Plaintiff Deadline: Sep-7-12
Court: Northern District of Ohio, Eastern Division
San Diego, CA: A securities class action lawsuit was filed on July 9, 2012, in the U.S. District Court for the Northern District of Ohio, Eastern Division, on behalf of all persons who hold common stock of Cooper Industries plc ("Cooper Industries") against Cooper Industries and its board of directors for, among other things, violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 in connection with the proposed acquisition of Cooper Industries by Eaton Corporation -1.33% ("Eaton").

The complaint arises out of a May 21, 2012 press release announcing that Cooper Industries had entered into a definitive merger agreement with Eaton, pursuant to which Cooper Industries shareholders would receive cash and shares valued at $72.00 for each share of Cooper Industries they own (the "Proposed Acquisition").

The complaint alleges that certain of the defendants, in an attempt to secure shareholder approval of the Proposed Acquisition, filed a materially misleading Preliminary Proxy on Schedule 14A with the U.S. Securities and Exchange Commission in violation of sections 14(a) and 20(a) of the Securities Exchange Act of 1934. The omitted and/or misrepresented information is believed to be material in assisting Cooper Industries shareholders in making an informed decision about whether or not to vote in favor of the Proposed Acquisition.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Cooper Industries plc, CBE Securities Fraud Legal Help

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Published on Jul-11-12


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