Tyco's Walsh Settles With Pension Fund In Stock Suit

Law360, New York (December 7, 2009, 8:18 PM EST) -- Ex-Tyco International Ltd. Director Frank Walsh Jr., who gained infamy for allegedly looting the company's coffers, has agreed to settle a securities suit brought by a Colorado state workers' pension fund.

Walsh and the Public Employees' Retirement Association of Colorado have reached a settlement, the parties said in a joint motion filed Friday in the U.S. District Court for the District of New Hampshire.

New Hampshire is home to a raft of consolidated cases against Tyco and its former officers, whose alleged corporate pilfering sent Tyco...
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