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LAWSUITS NEWS & LEGAL INFORMATION
The 60 day lead plaintiff period for this case has expired. If you are a member of the class but are not the lead plaintiff, you are an absent class member and your rights are protected during the pendency of the class action, unless you elect to opt out. As an absent class member, to share in the recovery from this case, if the case resolves successfully, you will need to file a proof of claim after the case is settled.

Eaton Corporation ETN 401(k) / ERISA Lawsuit

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Eaton Corporation has been accused of securities fraud. If you are a current or former employee or are a member of any of Eaton Corporation investment plans or profit sharing retirement plans you may be included in this possible Eaton Corporation 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Eaton Corporation stock in one of those plans during the periods Aug-3-09 to Jun-4-12, you may have a claim.

Under ERISA, Eaton Corporation employees can file a lawsuit against the company for putting stock options at risk. Eaton Corporation employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

Eaton Corporation 401(k) / ERISA Legal Help

If you have suffered from Eaton Corporation 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Eaton Corporation ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.
If you are NOT a current or former employee of this company, please use this form to register your complaint.

Published on Sep-4-12

READ MORE ERISA Violation Settlements and Legal News
READ MORE Employment Settlements and Legal News
READ MORE Securities Settlements and Legal News

READER COMMENTS

Posted by

on
I currently work for them and have for 15 yrs would like more imfo please
Posted by

on
Former employee
Posted by

on
More information please. I am a former employee of Spencer, IA plant.
Posted by

on
I have eaton stock in my 401k plan during this time frame .
please send more info.
Posted by

on
I would like more info. I've had Eaton stock for almost 21 years.
Posted by

on
I am a current employee of 29 years
Posted by

on
Would like information on this
Posted by

on
I worked for them at the time and was invested. Would like more information on this subject.
Posted by

on
Would like more information. Worked there at the time.
Posted by

on
I worked for Eaton for 39 years and was involved in the 401k and pension plan. I would like more info. Thanks
Posted by

on
More details please. I also work at Eaton during this time.
Posted by

on
23 years of service for Eaton corporations. I would like more information.
Posted by

on
I was working at Eaton during this time. I would like more information.
Posted by

on
We were both there and still have the 401K accounts . Would like more info. .
Posted by

on
I worked at Eaton for 39 years 8 months and would like more information regarding to this subject
Posted by

on
I worked with Eaton for 39 yrs. 8 months and was active with the 401 K plan, would like any information relating to this subject.
Posted by

on
I was employed there at that time I would like more info
Posted by

on
More information on this please.
Posted by

on
I was employed at Eaton during this time frame. Please provide me with more information.
Posted by

on
I was a Eaton employee from 1987 thur 2016 so sign me up thanks
Posted by

on
I worked at Eatons for 30 years and was in a 401k plan for 25 years there..i would like some information
Posted by

on
Request more information Please.
Posted by

on
I worked for Eaton during this time frame and would like some info as well
Posted by

on
I work at the Eaton plant in Spencer Iowa. I am currently on short term disability. I have been involved in the 401K program since I was eligible for it. I would appreciate any and all information as it would pertain to me.
Posted by

on
I worked at Eaton from 1983 till 2006. I still have money in the fidelity investment plan along with my pension. Would like to know more about this pension misrepresentation and how to file a claim.
Posted by

on
I would also like more info. Started at Eaton in 1993. Thank you
Posted by

on
I worked at Eaton during some of this time let me know what is going on and am I eligible. Please send info and proof.
Posted by

on
I am a current employee at the Shenandoah plant in enclosures department since august of 2010 and would I have had 401k and pension since I started in 2010 would like more info on the erisa case
Posted by

on
I would like more information
Posted by

on
I was a employee with Eaton corporations from Nov of 92 until they closed the plant and moved to Mexico in 2016. I remember my 401k dropping like rock. I would like more information on this subject and proof. Thanks
Posted by

on
I was a former employee for eight years with a pension during the dates listed. I would like more information about this issue.
Posted by

on
I would like more info.
Posted by

on
I worked for Eaton Shawnee Oklahoma from 1994 - 2010. And held stock
But not sure if it applies to me. Thanks.
Posted by

on
I was a employee from approx. June 0f 1989 to April 2016 when our plant was shut down and moved to Mexico and I would like some information
Posted by

on
I am a former employee due to job cuts, effective as of April of this year. I do know that in 08-09, my 401 took a significant hit and never really recovered. I was fully vested and half of my stock options were Eaton.
Posted by

on
I have worked for Eaton Corp. 14 years... my job was also moved to Mexico..and I have health issues and have question also about what Mr. Bird has asked.I would like to know more about this Lawsuit and see if I'm eligible. Which I should be I was working this time frame 2009-2012. I do believe this was the time we lost money in our 401K and I did loose money.
Posted by

on
My husband was an employee of Eaton from 1982 till his unexpected death in 2015 and had a 401 account, is this suit anything that I could be a part of?
Posted by

on
Please send more information. I worked at Eatons.
Posted by

on
I worked for Eaton Corp. from 1981 to 2016...my job was out sourced and due to health reasons I couldn't accept a position with the new company...that we were forced to apply with in order to get any type of severance at all. I could not even apply for unemployment.
I would like to know more about this suit. Thank you.

Posted by

on
I addition

I have questions on the dropping of the employee health suplimental, without compisating or prorating on said promised benifites.

Posted by

on
I was an employee there and was wondering if I have a case or what this is about??

Posted by

on
I'm a current employee and I would like some information.
Posted by

on
I am a current employee on long term disability since December 2015 due to health issues / I've Been an employee since 1995 and have been in the 401. Program and am waiting to retire from my almost 21 yr service to Eaton Spencer Iowa / please let me know more info as it applies to me.
Posted by

on
I have been with the company for 37 years

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