Judge: Investor In Securities Suit Failed To Plead Elements Of Federal Claims

(September 29, 2017, 4:07 PM EDT) -- NEW YORK — The lead plaintiff in a securities class action lawsuit against an engineered products manufacturer and certain of its current and former executive officers failed to plead any material misrepresentations or omissions or scienter in making their federal securities law claims, a federal judge in New York ruled Sept. 20 in granting the defendants’ motion to dismiss (In re Eaton Corp. Securities Litigation, No. 16-5894, S.D. N.Y., 2017 U.S. Dist. LEXIS 153323)....