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: JURIST - The Paper Chase

Tyco settles securities fraud lawsuit with New Jersey for $73 million

By Bernard Hibbitts (editor) and University of Pittsburgh School of Law students.

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[JURIST] Tyco International [corporate website] Wednesday reached an agreement with the state of New Jersey to settle a lawsuit [case materials] alleging that insider trading at the company cost the state $100 million in state employee pension funds. Under the settlement terms, Tyco will pay $73 million to New Jersey and claims will be dropped against Tyco chief legal officer Mark Belnick and

Full post as published by JURIST - The Paper Chase on May 01, 2008 (boomark / email).

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