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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Honeywell International Inc.
Local 144 Nursing v. Honeywell International (Securities Fraud)
Date: 06/04/2004 (Date of Settlement)
Misconduct Type: Securities
Enforcement Agency: Non-Governmental
Contracting Party: None
Court Type: Civil
Synopsis: To settle allegations of securities fraud surrounding the merger of Honeywell and Allied Signal, Inc., Honeywell agreed to pay $100 million to shareholders who purchased Honeywell common stock between December 1, 1999 and June 19, 2000.