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Eaton shareholders could get nothing in cash under possible settlement

The settlement proposal will be reviewed in an Ohio Common Pleas court hearing with Judge John P. O'Donnell presiding on July 23

Shareholders have filed a lawsuit against Cleveland-based Eaton Corp., but a possible settlement would give plaintiff lawyers $6 million for their fees and expenses, with nothing going to their clients.

The settlement will be reviewed in an Ohio Common Pleas court hearing with Judge John P. O'Donnell presiding on July 23.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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