Funds Settle Securities Suit With Ex-Tyco Exec

Law360, New York (August 21, 2009, 5:28 PM EDT) -- An investment management firm's securities suit against Frank Walsh Jr., whose alleged corporate looting sent Tyco International Inc. into free fall, has ended with a settlement and dismissal.

A settlement having been reached, Judge Paul Barbadoro of the U.S. District Court for the District of New Hampshire dismissed a case against Frank Walsh, brought by funds affiliated with Federated Investors Inc., a Boston-based firm with over $400 billion in assets under management.

Walsh, a liaison between management and outside directors while employed by Tyco, allegedly took...
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