NEW YORK, Feb. 13, 2002 (PRIMEZONE) -- The following was released today by Bull & Lifshitz, LLP: Notice is hereby given that a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against Tyco International, Ltd. ("Tyco" or the "Company") (NYSE:TYC) and certain officers and directors of the Company on behalf of all persons who acquired the Company's common stock between February 5, 1999 and February 4, 2002, inclusive (the "Class Period").
The Complaint alleges that defendants violated the federal securities laws, including Sections 10(b) and 20a of the Securities Exchange Act of 1934, by issuing materially false and misleading information concerning the Company's financial condition and prospects.
Plaintiffs seek to recover damages on their own behalf and on behalf of acquirers of Tyco's common stock during the Class Period.
If you purchased Tyco securities during the Class Period or were issued Tyco securities pursuant to a merger, you may, not later than April 5, 2002, move the court to serve as a lead plaintiff, provided you meet certain legal requirements.
If you wish to receive a litigation package, discuss this action, any other potential action or have any questions concerning this notice, your rights or interests with respect to this matter, please visit our website at www.nyclasslaw.com/infopackage.html or contact Peter D. Bull, Esq. or Joshua M. Lifshitz, Esq. by email at counsel@nyclasslaw.com. Bull & Lifshitz, LLP has extensive experience in prosecuting investor class actions. For more information regarding Bull & Lifshitz, LLP, please view our website at www.nyclasslaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.