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2nd Circ. Won't Revive Investor Fight Over Honeywell Spinoff

By Dorothy Atkins ( April 17, 2024, 9:27 PM EDT) -- The Second Circuit affirmed Wednesday the dismissal of a proposed securities class action accusing a bankrupt Honeywell transportation business spinoff of misleading investors about significant risks it faced under its asbestos-liability indemnity deal with Honeywell, finding that the spinoff was frank about the uncertainty of its financial future....

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