Tyco Executives To Face Yet Another Trial

Law360, New York (June 13, 2006, 12:00 AM EDT) -- A year after its former chief executive and chief financial officer were convicted of fraud in one of the country’s most highly publicized cases, Tyco International Ltd. will face yet another trial, this time from its former shareholders.

On Monday, Judge Paul Barbadoro of the U.S. District Court in New Hampshire ruled that the former Tyco shareholders would be allowed to file a class-action suit against the company.

The lawsuit names Tyco, its accounting firm, PricewaterhouseCoopers, and several former executives and board members, including Dennis Kozlowski...
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

Companies

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.