Discovery in lawsuits filed by Tyco International Ltd. against Dennis Kozlowski, its former Chairman and Chief Executive Officer, and Mark H. Swartz, its former Chief Financial Officer, is ongoing.
The Company filed civil complaints against Mr. Kozlowski and Mr. Swartz for…
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…
The U.S. Securities and Exchange Commission’s investigation into Tyco International Ltd.’s involvement in the United Nations Oil for Food Program is ongoing.
In November 2004, the Company received an order from the SEC to report facts and circumstances involving its participation,…
Claims by Dennis Kozlowski, Tyco International Ltd.’s former Chairman and Chief Executive Officer, Mark H. Swartz, the Company’s former Chief Financial Officer, and Scott Stevenson, the Company’s Chief Tax Officer, regarding compensation are pending.
Mr. Kozlowski, Mr. Swartz, and Mr. Stevenson…
A matter on Tyco International Ltd.’s SimplexGrinnell unit, over partial withdrawal from the National Automatic Sprinkler Industry Pension Fund, is currently in arbitration.
On June 8, 2007, SimplexGrinnell received a notice alleging that it had partially withdrawn from the Fund. Under…
Tyco International Ltd., during the first quarter of fiscal 2009, reached an agreement with the Internal Revenue Service appeals team to work towards timely resolution of all issues related to this time period.
During the third quarter of 2007, the IRS…
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 the Company’s annual report for the fiscal year ended Sept. 26, 2008.
The Internal Revenue…
Tyco International Ltd. 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 subpoenas…
Discovery in Tyco International Ltd.’s disgorgement case against Dennis Kozlowski, the Company’s former Chairman and Chief Financial Officer, and Mark H. Swartz, the Company’s former Chief Financial Officer and Director, is ongoing.
The Company filed a civil complaint against Mr. Kozlowski…
Further appeals filed by Dennis Kozlowski, Tyco International Ltd.’s former Chairman and Chief Financial Officer, and Mark H. Swartz, the Company’s former Chief Financial Officer, were denied by the New York State Court of Appeals in October 2008.
In connection with…