Honeywell receives $25 mln from BorgWarner

Newswire

MORRISTOWN, N.J., July 29 (Reuters) - Aerospace company Honeywell said on Monday it has received $25 million from BorgWarner Inc. as partial settlement of a patent infringement suit. The settlement, agreed to a week earlier, came after the District Court in Dusseldorf, Germany, granted Honeywell's request for a preliminary injunction requiring BorgWarner to immediately halt production of its turbochargers that infringe Honeywell's patent, Honeywell said in a statement. In order to permit ...

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