Equitec-Schwartz Resolves Tyco Securities Suit

Law360, New York (May 21, 2010, 3:46 PM EDT) -- Equitec-Schwartz LLC has resolved a lawsuit that alleged accounting fraud on the part of Tyco International Ltd. and some of its leaders was responsible for the market maker losing nearly $5 million from Tyco options.

Judge Paul J. Barbadoro of the U.S. District Court for the District of New Hampshire signed off Thursday on a deal between Equitec-Schwartz and former Tyco CEO L. Dennis Kozlowski, the last defendant in the case.

Court documents in the case did not detail the terms of the settlement. Attempts to...
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