Top 10 Security Stories From September 2022: Alleged Panel Defects, ASSA ABLOY Antitrust Lawsuit
September picked up where a busy August in the security industry left off. There was no shortage of major stories. The biggest story — in terms of readership and industry impact — was the allegation that several manufacturers are knowingly selling and marketing burglar and fire alarm control panels with defects. At the beginning of the month, GE and Carrier were hit with a $5 million lawsuit that alleged its fire control units are non-conforming to the minimum standards required by both UL and NFPA 72. Several weeks later, Resideo/Honeywell was hit with a lawsuit for the same “defect.” In other legal news that could potentially have industry-shifting ramifications, the U.S. Department of Justice filed a civil antitrust lawsuit to block ASSA ABLOY’s proposed $4.3 billion acquisition of the Hardware and Home Improvement division of Spectrum Brands. The DOJ says that the proposed transaction would transform the mechanical door hardware and smart lock markets, giving ASSA ABLOY a near-