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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:01 EDTMTOR, ETNEaton, Meritor announce settlement of litigation
Power management company Eaton (ETN) announced it has signed a settlement agreement with ZF Meritor LLC, a joint venture between a Meritor (MTOR) subsidiary and ZF Friedrichshafen AG, and Meritor Transmission Corporation that completely resolves the antitrust lawsuit pending in the United States District Court, District of Delaware. The parties have agreed that Eaton will pay ZF Meritor LLC $500M as part of the settlement.
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