Judge Preliminarily Approves Honeywell, Investors’ $10M Asbestos Securities Deal

Mealey's (January 20, 2022, 1:05 PM EST) -- TRENTON, N.J. — Honeywell International Inc. and stockholders have resolved claims that the company underrepresented Bendix asbestos liabilities by setting an artificial horizon for calculating those claims, with a federal judge in New Jersey granting preliminary approval of a $10 million settlement on Jan. 18....