BOCA RATON, Fla., April 29 – LAWFUEL – The Law News Network – Adam H. Smith, P.A., announced today that it filed a class action lawsuit in the United States District Court
for the Southern District of Florida on behalf of all persons or entities (the
“Class”) who sold the common stock of Tyco International, LTD. (“Tyco”) (NYSE:
TYC) between June 15, 2002 and December 31, 2004, inclusive (the “Class
The complaint alleges that defendants, including CEO Edward Breen,
violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and
Rule 10b-5 promulgated thereunder, by issuing a series of material
misrepresentations during the Class Period, thereby artificially deflating the
price of Tyco common stock. Specifically, the complaint alleges that
defendants overstated and misrepresented material adverse facts that were
known to, or recklessly disregarded, by them and: 1) conspired to encourage
the initiation of criminal actions against Dennis Kozlowski, Mark H. Swartz,
and Mark A. Belnick in an effort to protect the former members of the Board of
Directors from liability; 2) employed a strategy that included, in part,
leaking information to the media in an effort to artificially deflate share
prices for the benefit of new management; and 3) recklessly disregarded the
likelihood of significant dilution of Tyco equity resulting from
inefficiencies and additional expenses in implementing this strategy.
You may apply to serve as lead plaintiff on behalf of the Class if you
sold Tyco common stock during the Class Period. The lead plaintiff is
responsible for overseeing the prosecution of the action and ensuring that the
interests of the Class are protected. You have until June 1, 2005, to apply
for lead plaintiff status in the action.
You may apply to be appointed lead plaintiff through Adam H. Smith, P.A.,
by contacting one of the persons listed below. Adam H. Smith, P.A.,
concentrates in prosecuting securities fraud actions nationwide on behalf of
investors. The firm currently plays a leading role in securities and complex
commercial litigations pending in federal court, state court and arbitration
and has offices in Boca Raton, Florida; Hollywood, Florida; and New York City.
The firm has been recognized throughout the country as experienced and skilled
in complex litigation and arbitration, particularly with respect to federal
and state securities claims.
If you wish to discuss this matter, or have any questions regarding your
rights and interests pertaining to the prosecution of this securities class
action, you may contact Adam H. Smith, Esq. or Mark D. Hunter, Esq. at
1-866-925-3538 or by e-mail at firstname.lastname@example.org.