United Technologies Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that in December 2008, Otis’ Austrian subsidiary paid the Cartel Court in Austria a fine of EUR18.2 million (approximately $26…
United Technologies Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that in November 2008, Otis Korea paid in full a KRW17.3 billion (approximately US$15 million) fine assessed by the Korean…
United Technologies Corp.’s and the U.S. Department of Justice’s appeals on the Aug. 1, 2008 decision in the DOJ’s suit claiming that Pratt & Whitney violated the civil False Claims Act and common law are pending.
Pratt & Whitney is a…
A complaint regarding the Korean Fair Trade Commission’s installation subcontractor pricing investigation may be received sometime in 2009, according to United Technologies Corp.’s Form 10-Q dated Oct. 21, 2008.
In 2005, the Korean Fair Trade Commission conducted an inspection at…
Resolution of United Technologies Corp.’s appeal from the ruling of the Competition Directorate of the European Union stating that the Company’s Otis subsidiaries violated competition rules remains pending.
The Company filed its appeal in May 2007.
The Directorate issued the ruling on…
United Technologies Corp.’s appeal to the ruling of the Cartel Court in Austria regarding the Austrian Federal Competition Authority’s complaint filed in connection with an investigation of unlawful collusive arrangements in the Austrian elevator and escalator industry remains pending.
Otis’ Austrian…