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UTC sued over employee education incentive plan

April 3, 2013Tess Nacelewicz

HARTFORD, Conn.—United Technologies Corp., based here, is facing a federal class-action lawsuit that claims the company reneged on stock awards it promised some employees for furthering their education. The employees completed their training, but UTC says they're not eligible for the shares because it subsequently laid them off, according to the lawsuit.The lead plaintiff is a New Jersey engineer, Richard Grisafi, who since 2007 had worked for UTC's Fire & Security division, which in 2011 became...

Controls and Security, Richard Grisafi, United Technologies Corp., UTC Climate