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Grant & Eisenhofer (G&E) represented the Teachers' Retirement System of Louisiana and the Louisiana State Employees' Retirement System as co-lead plaintiffs in the Tyco International Ltd. securities and accounting fraud class action heard by the U.S. District Court for the District of New Hampshire.

Defendants in the case included Tyco International, Dennis Kozlowski and other former executives and directors of Tyco, and PricewaterhouseCoopers.

If you purchased Tyco securities between December 13, 1999 and June 7, 2002, you may be eligible to share in the recovery from this settlement.

Tyco in the News

PwC Sets Accord in Tyco Case – Pact for $225 Million Settles Claims Involving Auditing Malpractice
Wall Street Journal Online – July 7, 2007 – Accounting titan PricewaterhouseCoopers LLP agreed to pay $225 million to settle audit-malpractice claims arising from the criminal misdeeds of top executives at Tyco International Ltd., marking the largest single legal payout ever made by that firm and one of the biggest ever by an auditor…

PricewaterhouseCoopers to Pay Tyco Investors $225 Million
The New York Times – July 7, 2007 – PricewaterhouseCoopers, the firm that audited Tyco International when it was run by executives who later went to prison, has agreed to pay $225 million to settle claims of Tyco investors…

PwC Settles Tyco Investors’s Suit Over Fraud
washingtonpost.com – July 7, 2007 – PricewaterhouseCoopers agreed to pay $225 million to settle a class-action lawsuit brought by shareholders of Tyco International over a multibillion-dollar accounting fraud that ended with Tyco’s top executives going to prison…

PricewaterhouseCoopers to Pay $225 Million in Tyco Suit
Bloomberg News – July 6, 2007 – PricewaterhouseCoopers LLC, the world’s largest accounting firm, will pay $225 million to resolve claims that it failed to uncover a fraud at Tyco International Ltd. that led to the company overstating revenue…

Tyco Ex-Auditor Settles Fraud Suit
Forbes.com – July 6, 2007 – PricewaterhouseCoopers LLP has agreed to pay $225 million to settle a class action lawsuit brought by shareholders of Tyco International Ltd. over a multibillion dollar accounting fraud that sent Tyco’s top executives to prison…

Tyco Accord May Spell Trouble for Auditor
Wall Street Journal Online – May 16, 2007 – Tyco International Ltd.’s agreement to pay $3 billion to settle shareholder suits dispels a major cloud from the era of L. Dennis Kozlowski, its former chief executive, but it could signal problems for its former auditor, PricewaterhouseCoopers…

Tyco’s $3B settlement ends Kozlowski-era
Reuters – May 15, 2007 – The manufacturing conglomerate’s deal will be one of the largest class-action settlements ever by a single company, pending court approval…

Tyco Settles Suit for Nearly $3 Billion
CFO.com – May 15, 2007 – The settlement is believed to be the largest ever paid by a single corporate defendant…

Tyco to pay 3 billion dollars to settle fraud suits
AFP – May 15, 2007 – Industrial conglomerate Tyco International Ltd. said Tuesday it agreed to pay three billion dollars to settle shareholder lawsuits on securities and accounting fraud by its former management…

A Lawsuit Against Tyco International, Ltd.
Pensions & Investments Online – June 27, 2006 – A lawsuit against Tyco International Ltd. filed by several pension funds was certified as a class-action today by U.S. District Judge Paul Barbadoro in Concord, N.H…

Former Tyco Shareholders Certified in Class Action Lawsuit
Associated Press – June 13, 2006 – Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, PricewaterhouseCoopers…

Business; Shareholders Rise Up (In Wild West Fashion)
New York Times – October 20, 2002 – Shareholders who think they’ve been wronged in the corporate fraud scandals are beginning to adopt a form of frontier justice.

Tyco Sharply Lowers Earnings Guidance, Plans Charge
USA Today – September 25, 2002 – NEW YORK – Citing a poor economy and the impact of state and federal investigations into its financial transactions, Tyco International (TYC) sharply lowered its earnings guidance for the fourth quarter Wednesday. Tyco now expe…