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

Tyco Shareholders, Merrill Lynch Settle On $4.9M

Law360 (April 17, 2008, 12:00 AM EDT) -- A federal judge has signed off on a $4.9 million settlement of a lawsuit brought by conglomerate Tyco International Ltd.'s shareholders who allege they were led astray in 2002 by fraudulent research reports written by a star Merrill Lynch & Co. analyst.

U.S. District Judge John F. Keenan of the Southern District of New York granted final approval of the settlement Wednesday and granted class certification to the settling plaintiffs.

“This closes the book on the final chapter of ancient litigation. We are pleased to put...
To view the full article, register now.
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.