Tyco Settlement

Welcome Shareholders of Tyco International Ltd.

Tyco International Ltd. has agreed to fund $2.975 billion in cash to settle claims relating from securities and accounting fraud during the Dennis Kozlowski era. This settlement represents the single largest payment from any corporate defendant in the history of securities class action litigation.

Tyco's former auditor, PricewaterhouseCoopers, has also agreed to pay $225 million to settle securities and accounting fraud claims relating to this Tyco securities class action. When presented to the court for final distribution, the total settlement fund will total in excess of $3.2 billion.

The Fairness Hearing for this settlement is scheduled for November 2, 2007, at 10:30 am at the United States Courthouse for the United States District Court for the District of New Hampshire in Concord, New Hampshire.

Tyco investors wishing to participate in the settlement will be required to submit a proof of claim form by December 28, 2007. Please see Settlement Documents page for more information.

Read the Press Release Announcing the Tyco Settlement

Read the Press Release Announcing the PwC Settlement

Grant & Eisenhofer (G&E) represents 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 pending in the U.S. District Court for the District of New Hampshire.

Defendants in the case, including Tyco International, Dennis Kozlowski and other former executives and directors of Tyco, and PricewaterhouseCoopers, have agreed to a cash settlement with Tyco shareholders of more than $3.2 billion.

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.