57 articles for

September 2009

TYSON FOODS: Under Probation Following OSHA Violation Plea Bargain

Tyson Foods Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on June 16, 2009, the company was sentenced under a plea agreement in connection to OSHA regulations violations.

In August…

TYCO INT’L: Discovery in Ex-Director Walsh’s Case Still Ongoing

Discovery in a lawsuit involving Tyco International Ltd. and Frank E. Walsh, Jr., one of its former directors, is ongoing.

The Company filed a civil complaint against Mr. Walsh for breach of fiduciary duty and related wrongful conduct involving receipt by…

TYCO INT’L: Breach of Contract Cases over ADT’s Decision Ongoing

Tyco International Ltd. Still faces former dealers and related parties’ lawsuits that allege breach of contract and other claims over unit ADT Worldwide’s decision to terminate certain authorized dealers in 2002 and 2003.

In 2002, certain of the Company’s employees received…

TYCO INT’L: Cooperating with IRS on Tax Return Examination Process

Tyco International Ltd. says it continues to cooperate with the U.S. Internal Revenue Service to resolve any issues raised as part of the examination process of its tax returns.

During the second quarter of 2008, the IRS issued additional RARs asserting…

TYCO INT’L: Appeal on US$1 Billion Tax Audit Adjustments Pending

Tyco International Ltd. says its appeals on proposed tax audit adjustments totaling approximately US$1 billion relating to Tyco, Covidien and Tyco Electronics are still pending.

During the third quarter of 2007, the IRS concluded its field examination of certain of the…

TYCO INT’L: Estimates US$30M-$50M for Penalties in Simplex Matters

Tyco International Ltd., based on statutory guidelines, estimates proposed penalties, in a matter involving Simplex Technologies, could range between US$30 million and US$50 million, according to company’s latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange…

TYCO INT’L: Disgorgement Case vs. Ex-Officers in Pre-Trial Stage

The disgorgement complaint titled Tyco International Ltd. v. L. Dennis Kozlowski and Mark H. Swartz is in the pre-trial stage of litigation, the company disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange…

TYCO INT’L: Settles Fitzpatrick Dispute for US$20 Million

Tyco International Ltd.has settled all of the claims related to Fitzpatrick Contractors Limited v. Tyco Fire and Integrated Solutions (UK) Ltd. for total consideration of GBP13.3 million (approximately US$20 million).

On July 18, 2007, Fitzpatrick Contractors Limited (”FCL”) commenced an action…

TYCO INT’L: To Defend vs. Kozlowski, Swartz Amount Claims

Tyco International Ltd. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that it will vigorously defend claims by former Chairman and Chief Executive Officer Dennis Kozlowski, and former Chief Financial Officer…

TYCO INT’L: US Sepreme Court Denies Kozlowski, Swartz Appeals

The U.S. Supreme Court denied in June 2009 a petition by Dennis Kozlowski and Mark H. Swartz to review their criminal convictions, Tyco International Ltd. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and…

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