Garrett Motion Escapes Asbestos Liability Statements Securities Claims

Mealey's (April 4, 2022, 1:13 PM EDT) -- NEW YORK — The record does not show that Garrett Motion Inc. and its directors or officers knew that bankruptcy was a foregone conclusion when they told the market that the company could continue to innovate, that the terms of the spin-off from Honeywell Inc. were fully disclosed and that the evidence the plaintiffs point to in arguing otherwise comes outside the class period, a federal judge in New York said March 31 in dismissing a complaint with leave to amend....