Welcome to the website for Kanefsky, et al. v. Honeywell Int’l Inc., pending in the United States District Court, District of New Jersey.
The purpose of this website is to inform you about the pending class action lawsuit ("the Action") between Co Lead Plaintiffs Charles M. Francisco, III and Iron Workers Local 580 – Joint Funds (collectively, “Co Lead Plaintiffs” or “Plaintiffs”)
IF YOU PURCHASED OR OTHERWISE ACQUIRED HONEYWELL INTERNATIONAL INC. COMMON STOCK (TRADING SYMBOL HON) BETWEEN FEBRUARY 9, 2018, AND OCTOBER 19, 2018, INCLUSIVE, YOU COULD GET A PAYMENT FROM A CLASS ACTION SETTLEMENT.
Pursuant to the Settlement described herein, a $10,000,000 cash Settlement Fund has been established. Plaintiffs estimate that there were approximately 112,000,000 million Honeywell common stock shares traded during the Class Period that may have been damaged. Plaintiffs estimate that the minimum “average recovery per damaged share” of Honeywell common stock under the Settlement is $0.11 before deduction of fees and expenses. A Class Member’s actual recovery will be a proportion of the Net Settlement Fund (defined below), determined by that Claimant’s recognized loss (i.e., a claim proved by timely submission of a valid Proof of Claim and Release form) as compared to the total recognized losses of all Class Members. This proportional allocation is called “proration.”
The Court has not decided whether Defendants did anything wrong, and the website is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.
The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.