Eaton settles decade-long lawsuit

|About: Eaton Corp. plc (ETN)|By:, SA News Editor

Eaton (ETN) has settled a lawsuit with Triumph (TGI) in a decade-long battle over trade secret theft. The company has agreed to pay Triumph (formerly Frisby Aerospace) $147.5M.

The settlement comes after Meritor received court approval yesterday to seek damages (of up to $2B) in an anti-trust case against Eaton.