||Honeywell International Inc.
||United States District Court for the District of New Jersey
||The Hon. William J. Martini
||Between February 9, 2018 through October 19, 2018
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:
The lead plaintiff filed a third amended complaint on December 30, 2019. The defendants filed a motion to dismiss the third amended complaint on February 7, 2020. On May 18, 2020, the Court issued an Order denying the defendants' motion to dismiss, thereby allowing the action to proceed. The parties are currently in the discovery phase of the litigation. This action is still ongoing.
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Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
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