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Honeywell International Inc. (NYSE:HON) Investor Files Lawsuit In Connection Stock Option Grants

  • If you are a current long-term stockholder in shares of Honeywell International Inc. (NYSE:HON), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Honeywell International Inc.
Security
NYSE: HON

Case Name
Honeywell Shareholder Derivative Lawsuit 04/12/2013
Type of Lawsuit
Stockholder Derivative Action
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Summary

April 15, 2013 (Shareholders Foundation) - An investor who holds NYSE:HON shares filed a lawsuit against directors of Honeywell International Inc. in connection with certain stock option awards.
The plaintiff alleges that certain directors and officers between 2006 and 2011 granted and accepted stock options that far exceeded the 2 million stock options amount permitted under the company's bonus program.

Honeywell International Inc. (NYSE:HON) reported that its annual Total Revenue rose from over $29.95 billion in 2009 to over $37.66 billion in 2012 and its respective Net Income rose from over $1.54 billion to over $2.92 billion.

Shares of Honeywell International Inc. (NYSE:HON) grew from $23.60 per share in March 2009 to as high as $75.48 per share in March 2013.

On April 12, 2013, NYSE:HON shares closed at $74.25 per share.