Eaton, Frisby resolve cases

CLEVELAND, Ohio - Eaton Corporation announced June 18 an agreement has been signed with Triumph Group – formerly Frisby Aerospace - resolving all litigation between the firms related to actions pending in Mississippi and North Carolina. Eaton will pay $147.5 million as part of the settlement; other settlement terms were confidential. Eaton filed suit in 2004 in Mississippi against Frisby alleging trade secret misappropriation. North Carolina-based Frisby denied the charges and counter-sued in both states alleging anti-competitive behavior. (Source: Business Wire 06/18/14) Central Mississippi Note: Eaton’s Jackson, Miss., facility is home to one of the most advanced aircraft hydraulic test labs in the world.