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Case Status:    SETTLED
On or around 08/18/2004 (Date of order of final judgment)

Filing Date: July 26, 2000

According to the docket, on August 18, 2004, the Court entered the Orders awarding plaintiffs’ counsel's attorney’s fees and reimbursement of expenses pursuant to settlement fund and approving the plan of allocation of the settlement proceeds. The Court further entered the Final Judgment and Order dismissing the action with prejudice and the case was terminated.

On June 4, 2004, a $100 million recovery for shareholders was obtained in the settlement of the securities class action litigation.

The action seeks damages for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Plaintiff alleges that defendants knowingly or recklessly disseminated materially false and misleading statements and omissions that misrepresented the success of the merger of Honeywell and Allied Signal, Inc. Plaintiff alleges that the Allied/Honeywell merger was problem-ridden and not yielding operational synergies and millions in cost savings, and that the "new" Honeywell's business was not nearly as strong as represented and did not have nearly as strong prospects as forecast by defendants. Plaintiff further alleges that the misrepresentations and omissions by defendants influenced the views of securities analysts and fostered an unrealistically positive assessment of Honeywell and its business, prospects and operations. Plaintiff alleges that, as a result of such misinformation, Honeywell's stock traded at artificially inflated prices throughout the proposed Class Period. Plaintiff alleges that defendants' materially false and misleading statements, included, among others: On April 13, 2000 defendants represented that, "That Honeywell is well-poised to meet its earnings and revenue commitments for 2000 and beyond," and "[w]e are clearly seeing the benefits of the Merger flowing through [to Honeywell].", On May 1, 2000 defendants represented that Honeywell would achieve EPS growth of at least 20% in 2000, On May 9, 2000 defendants represented that the Merger synergies and savings and Honeywell's EPS growth would accelerate as 2000 unfolded.

COMPANY INFORMATION:

Sector: Conglomerates
Industry: Conglomerates
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HON
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 00-CV-03605
JUDGE: Hon. Dickinson R. Debevoise
DATE FILED: 07/26/2000
CLASS PERIOD START: 12/20/1999
CLASS PERIOD END: 06/19/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  2. Brodsky & Smith, LLC (former Pennysylvania)
    11 Bala Avenue, Suite 39, Brodsky & Smith, LLC (former Pennysylvania), PA 19004
    610.668.7987 610.660.0450 · esmith@Brodsky-Smith.com
  3. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  4. Kirby McInerney & Squire LLP
    830 Third Avenue 10th Floor, Kirby McInerney & Squire LLP, NY 10022
    212.317.2300 ·
  5. Law Firm of Harvey Greenfield (New York)
    60 East 42nd Street, Law Firm of Harvey Greenfield (New York), NY 10165
    212.949.5500 ·
  6. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  7. Law Offices of Leo W. Desmond
    2161 Palm Beach Lakes Blvd., Suite 204, Law Offices of Leo W. Desmond, FL 33409
    888.337.6663 · Info@SecuritiesAttorney.com
  8. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  9. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  10. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  11. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  12. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 00-CV-03605
JUDGE: Hon. Dickinson R. Debevoise
DATE FILED: 01/31/2001
CLASS PERIOD START: 12/20/1999
CLASS PERIOD END: 06/19/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohn, Lifland, Pearlman, Herrmann & Knopf
    Park 80 Plaza West-One, Cohn, Lifland, Pearlman, Herrmann & Knopf, NJ 7663
    201845.9600 · info@njlawfirm.com
  2. Lerach Coughlin Stoia and Robbins (San Diego)
    401 B Street, Suite 1700, Lerach Coughlin Stoia and Robbins (San Diego), CA 92101-4297
    619.231.1058 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date