Honeywell International, Inc.


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 rgonnello@faruqilaw.com. 

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.

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Honeywell International, Inc.

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Details

Filed on 11/02/2018

Ticker NYSE:HON

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

Richard W. Gonnello rgonnello@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Finding us

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685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

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10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Delaware

3828 Kennett Pike Suite 201
Wilmington, Delaware 19807
(302) 482-3182
(302) 482-3612

Georgia

3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Wilmington, Delaware

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania