COMPANY |
Honeywell International Inc. |
COURT |
United States District Court for the District of New Jersey |
CASE NUMBER |
18-cv-15536 |
JUDGE |
The Honorable William J. Martini |
CLASS PERIOD |
February 9, 2018 - October 19, 2018 |
SECURITY TYPE |
All Securities |
Case Background:
On October 31, 2018, the initial complaint in this securities class action was filed against Honeywell International Inc. (“Honeywell” or the “Company”), and certain of Honeywell’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.
The complaint alleged that throughout the class period, the defendants made materially false and misleading statements regarding Honeywell’s business, operational and compliance policies. Specifically, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Honeywell’s Bendix asbestos-related liability was greater than initially reported; (ii) the Company maintained improper accounting practices in connection with its Bendix asbestos-related liability; and (iii) as a result, Honeywell’s public statements were materially false and misleading at all relevant times.
This is a federal securities class action on behalf of those who purchased or otherwise acquired Honeywell securities from February 9, 2018 through October 19, 2018, inclusive.
Current Status of Case:
Lead Plaintiff filed a third amended complaint (the “Complaint”) on December 30, 2019. Defendants filed a Motion to Dismiss the Complaint on February 7, 2020. On May 18, the Court issued an Order denying Defendants' Motion to Dismiss. On December 7, 2021, Lead Plaintiff filed a Motion for Preliminary Approval of Settlement. On January 18, 2022, the Court granted Plaintiffs’ Motion for Preliminary Approval of Settlement and scheduled a Settlement Hearing for May 3, 2022. This action is still ongoing.
The deadline to file a claim is April 4, 2022. You may find additional information regarding the terms of the settlement and claim filing process at www.honeywellsecuritieslitigation.com, or by calling Epiq Class Action & Claims Solutions, Inc. at 1-855-604-1686.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.