Honeywell Spinoff Sues Company Over ‘Unusual’ Asbestos Indemnity Agreement

(December 4, 2019, 12:55 PM EST) -- WASHINGTON, D.C. — Honeywell International Inc. spinoff Garrett Motion Inc. sued its former parent company in New York State, claiming that the October 2018 agreement unacceptably requires Garrett to indemnify Honeywell from asbestos claims for a 30-year period, according to a Dec. 2 complaint and 8-k filing....