WAYNE, Pa.--(BUSINESS WIRE)--Sept. 30, 2004--Triumph Group, Inc.
(NYSE:TGI) today announced that its subsidiary, Frisby Aerospace, LLC,
has filed an answer and counterclaims in the previously disclosed
lawsuit filed in Hinds County, Mississippi by Eaton Corporation and
several of its subsidiaries. In its answer, Frisby Aerospace denied
Eaton's allegations that it had misappropriated trade secrets and
intellectual property belonging to Eaton to design and manufacture
hydraulic pumps and motors used in military and commercial aviation.
Frisby Aerospace also asserted certain affirmative defenses.
In its counterclaims, Frisby Aerospace alleged that Eaton has
engaged in a false and/or misleading depiction of Frisby Aerospace in
the marketplace, constituting common law unfair competition, improper
interference with existing and prospective contracts and business
relationships, abuse of process, defamation, and violations of the
North Carolina Unfair and Deceptive Trade Practices Act and the false
advertising provisions of the Lanham Act. Frisby Aerospace's
counterclaims seek substantial compensatory damages, treble damages,
disgorgement of Eaton's profits, punitive damages and Frisby
Aerospace's costs related to the litigation.
Triumph Group, Inc. and the individual employees named as
defendants in Eaton's suit filed separate responses to Eaton's claims,
either denying all allegations of wrongdoing or moving to dismiss for
lack of jurisdiction.
Triumph Group, Inc., headquartered in Wayne, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls aircraft
components and industrial gas turbine components and accessories. The
company serves a broad, worldwide spectrum of the aviation industry,
including commercial airlines and air cargo carriers, as well as
original equipment manufacturers of aircraft and aircraft components
and power generation equipment.
More information about Triumph can be found on the Internet at
Statements in this release that are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995. All forward-looking
statements involve risks and uncertainties which could affect the
company's actual results and could cause its actual results to differ
materially from those expressed in any forward looking statements made
by, or on behalf of, the company. Further information regarding the
important factors that could cause actual results to differ from
projected results can be found in Triumph's reports filed with the
SEC, including our Annual Report on Form 10-K for the fiscal year
ended March 31, 2004.
CONTACT: Triumph Group, Inc., Wayne
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.