Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Honeywell International, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Honeywell International, Inc. (“Honeywell” or the “Company”) (NYSE:HON) of the December 31, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Honeywell stock or options between February 9, 2018 and October 19, 2018 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Honeywell securities between February 9, 2018 and October 19, 2018 (the “Class Period”). The case, Kanefsky v. Honeywell International, Inc., No. 18-cv-15536 was filed on October 31, 2018, and has been assigned to Judge William J. Martini.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Honeywell’s Bendix asbestos-related liability was greater than initially reported; (2) the Company maintained improper accounting practices in connection with its Bendix asbestos related liability; and (3) as a result, Honeywell’s public statements were materially false and misleading at all relevant times.
Specifically, on October 19, 2018, the Company filed its quarterly report with the SEC for the quarter ended September 30, 2018, revealing the full extent of Honeywell’s improper accounting for its asbestos liability attributable to Bendix. In its quarterly report, Honeywell disclosed that “the SEC’s Division of Corporate Finance had reviewed Honeywell’s prior accounting for liability for unasserted Bendix-related asbestos claims” and that “[o]n September 13, 2018, following completion of Corporation Finance’s review, the SEC Division of Enforcement advised that it has opened an investigation related to this matter.”
On this news, the Company's share price fell, causing harm to investors.
Honeywell International, Inc.
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Filed on 11/02/2018
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