We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

PwC To Pay $225M To Get Rid Of Tyco Case

Law360 (July 6, 2007, 12:00 AM EDT) -- PricewaterhouseCoopers LLC has agreed to pay $225 million to settle shareholders claims that it should have uncovered fraud by Tyco International Ltd., bringing the total settlement to more than $3.2 billion.

The settlement, which was announced on Friday, comes on the heels of Tyco agreeing in May to pay $3 billion to settle the claims against it.

Attorneys for the shareholders said the settlement with PwC was one of the largest recoveries ever by an outside auditor in a securities litigation and perhaps the largest ever...
To view the full article, register now.

Related

Sections

Case Information

Case Title

In Re: Tyco Securities Litigation, et al


Case Number

1:02-md-01335

Court

New Hampshire

Nature of Suit

Securities/Commodities

Judge

Paul J. Barbadoro

Date Filed

August 23, 2002

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.