Honeywell

Practice Area: 
Stock Symbol: 
HON
Case Status: 
Investigations

Ademi & O’Reilly, LLP announces an investigation of Honeywell International Inc. (HON) for possible violations of securities laws.

The investigation focuses on whether Honeywell made false and misleading statements about its accounting for Bendix asbestos-related liabilities.  The Securities and Exchange Commission has opened an investigation into Honeywell’s accounting for these liabilities and Honeywell said the investigation follows discussions with the SEC that prompted it to correct and restate its asbestos liabilities by about $1.1 billion more than its prior estimate.