Judge Dismisses Claims In Tyco Securities Suit

Law360, New York (June 12, 2007, 12:00 AM EDT) -- After agreeing to settle a securities class action for a record $3 billion, Tyco International Ltd. and 10 co-defendants have won motions to dismiss a bunch of claims in a parallel lawsuit brought by the state of New Jersey.

The judge presiding over the case in the New Hampshire district court, Paul Barbadoro, dismissed on Monday a slew of counts against the company, its auditors and certain of its executives accused of playing roles in a massive accounting fraud scandal.

The case was brought on behalf...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.