HONEYWELL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Honeywell International Inc. - HON

NEW ORLEANS, Aug. 9, 2019

On August 23, 2018, the Company disclosed that its asbestos-related liability was estimated to be $1,083 million higher than previous estimates.  Then, on October 19, 2018, the Company revealed that the Securities and Exchange Commission ("SEC") was investigating its accounting practices for asbestos-related liabilities. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit charging them with failing to disclose material information during the Class Period, violating federal securities law, which remains ongoing.

Recently, on July 18, 2019, the Company disclosed that it is under investigation by U.S. and Brazilian authorities focusing on "compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws" and that "[t]he DOJ and the SEC are also examining a matter involving a foreign subsidiary's prior engagement of Unaoil S.A.M. in Algeria."

KSF's investigation is focusing on whether Honeywell's officers and/or directors breached their fiduciary duties to Honeywell's shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Honeywell shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-hon/ to learn more.

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