$70.5M In Deals Wraps Up Tyco ERISA Claims

Law360, New York (November 23, 2009, 7:38 PM EST) -- A federal judge gave his final approval Monday to three settlements between Tyco International Inc. and a class of employees who sued the company for stacking retirement plans with company stock while a massive accounting fraud was taking place, wrapping up multidistrict litigation that spanned seven years.

Judge Paul J. Barbadoro of the U.S. District Court for the District of New Hampshire approved a trio of deals worth $70.5 million following a fairness hearing on Thursday, resolving the employees' claims against the company, former CEO L....
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