KAPLAN FOX & KILSHEIMER LLP ANNOUNCES CLASS ACTION SUIT AGAINST TYCO INTERNATIONAL LTD.

NEW YORK -- December 10, 1999/ Kaplan Fox & Kilsheimer LLP has filed a class action in the U.S. District Court for the District of New Hampshire on behalf of all persons who purchased or otherwise acquired the common stock of Tyco International Ltd. (NYSE: TYC) ("Tyco" or the "Company") between October 1, 1998 and December 8, 1999 (the "Class Period").

The lawsuit alleges that Tyco and certain of its top officers and directors violated certain of the securities laws and regulations of the United States. The Complaint alleges, among other things, that during the Class Period, Tyco misled investors by utilizing accounting methods which made it appear that companies Tyco acquired were experiencing healthier growth than they actually were after being acquired by Tyco.  During the Class Period, certain officers of the Company sold more than 2.7 million shares of Tyco stock, at allegedly artificially inflated prices, for proceeds of at least $270 million.  On December 9, 1999, Tyco announced that the Securities and Exchange Commission was conducting an informal inquiry relating to charges and reserves taken in connection with the Company's acquisitions.

Plaintiff seeks to recover damages on behalf of all persons who purchased or otherwise acquired Tyco common stock during the Class Period.  Plaintiff is represented by Kaplan Fox & Kilsheimer LLP, which has many years of experience in prosecuting investor class actions and extensive experience in actions involving financial reporting and management fraud and the Law Office of Bruce G. Murphy, who can be reached by e-mail: brucemurphy_attorney@yahoo.com.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

 You may move the court, no later than 60 days from December 9, 1999 to serve as lead plaintiff.  In order to serve as lead plaintiff, you must meet certain legal requirements. 

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Frederic S. Fox, Esq.
Joel B. Strauss, Esq.
Janine R. Azriliant, Esq.
Brigid T. Kavanaugh, Esq.
Kaplan Fox & Kilsheimer LLP
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address: mail@KaplanFox.com

Back to the Main List

Please Click Here to Join the Class Actions or Request Information