Seeking Alpha

Eaton settles decade-long lawsuit

  • 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.
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Comments (1)
  • aeroguy48
    , contributor
    Comments (756) | Send Message
     
    Good news, maybe my pension will be safe.
    19 Jun 2014, 07:51 AM Reply Like
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