Honeywell Aerospace Inc. Common Stock (NASDAQ: HONA)
52 Days left to seek lead plaintiff status.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that a small percentage of the Company’s suppliers had a “disproportionate impact” on sales; (2) that those suppliers were suffering supply constraints; (3) that the foregoing was reasonably likely to have a material unfavorable impact on sales and profitability; (4) that the Company was under investigation for potential violations of the False Claims Act for failing to comply with cybersecurity requirements for government contracts; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.