Request Legal Help Now - Free

Advertisement
LAWSUITS NEWS & LEGAL INFORMATION

Tyco ERISA Class Action Settled for $70.5 Million


This is a settlement for the Securities/Stock Fraud lawsuit.

Tyco ERISA Class Action Settled for $70.5 Million

Tyco has reportedly agreed to settle an ERISA class action with a payment of $70.5 million. The lawsuit stemmed from allegations that the company breached its fiduciary duties to its employees by placing company stock in its retirement plans, even while an accounting fraud within the company was underway.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Aug-11-09


ADD YOUR COMMENT ON THIS ISSUE

Please read our comment guidelines before posting.


Note: Your name will be published with your comment.


Your email will only be used if a response is needed.

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free