Need not take any action at this time you may retain counsel of yourĬhoice or take no action and remain an absent member of the Class. Move the Court no later than Januto ask theĬourt to appoint you as lead plaintiff. If you purchased shares of Honeywell during the Class Period you may
Statements were materially false and misleading at all relevant times.įollow us for updates on Twitter: /GPM_LLP. Improper accounting practices in connection with its BendixĪsbestos-related liability and (3) as a result, Honeywell's public Liability was greater than initially reported (2) Honeywell maintained Throughout the Class Period made false and/or misleading statementsĪnd/or failed to disclose that: (1) Honeywell's Bendix asbestos-related The complaint filed in this class action alleges that Defendants
October 19, 2018, thereby injuring investors. Honeywell stock fell $1.72 per share, or 1.11%, to close at $153.47 on
Opened an investigation related to this matter." On this news, shares of "the SEC's Division of Corporate Finance had reviewed Honeywell's priorĪccounting for liability for unasserted Bendix-related asbestos claims"Īnd that "n September 13, 2018, following completion of Corporationįinance's review, the SEC Division of Enforcement advised that it has In its quarterly report, Honeywell stated that Securities and Exchange Commission (the "SEC") for the quarterĮnded September 30, 2018. Then, on October 19, 2018, Honeywell filed a quarterly report with the June 30, 2018, which is $65 million higher than the Company’s prior This is $1,083 million higher than the Company's priorĮstimation.” Honeywell further advised investors that “BendixĪsbestos-related insurance assets are estimated to be $187 million as of On August 23, 2018, Honeywell announced that “the Company’s BendixĪsbestos-related liability is estimated to be $1,693 million as of Juneģ0, 2018. If you are a shareholder who suffered a loss, click here to Securities between Februand October 19, 2018, Otherwise acquired Honeywell International Inc. (“Honeywell” or the Lawsuit has been filed on behalf of investors that purchased or
#Securities moneywell full#
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