Class Action Suit Filed Against Tyco International Ltd., Its Senior Management and Certain Of Its Directors

Business Wire, Jan 13, 2000

Business Editors and Legal Writers

CHICAGO--(BUSINESS WIRE)--Jan. 13, 2000

A class action has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of the publicly traded securities of Tyco International Ltd. ("TYC") during the period December 10, 1998 to December 9, 1999 (the "Class Period").

The complaint charges that Tyco, its senior management and certain of its directors violated the Securities Exchange Act of 1934 by issuing false and misleading statements and omissions concerning Tyco's financial condition. Throughout the Class Period, the complaint alleges that, among other things, Tyco misled investors by utilizing accounting methods which made it appear that companies Tyco acquired were experiencing healthier growth than they actually were after being acquired by Tyco. On December 9, 1999, Tyco announced that the Securities and Exchange Commission was conducting an informal inquiry relating to charges and reserves taken in connection with the Company's acquisitions.

Plaintiffs are represented by Kahn & Associates, Ltd., a Chicago-area firm. Kahn & Associates has substantial expertise in prosecuting investor class actions involving financial fraud and has been actively engaged in commercial litigation in federal and state courts throughout the United States for more than 20 years.

If you are a member of the Class described above, you may, no later than February 7, 2000, move the Court to serve as lead plaintiff of the Class, if you so choose. If you wish to discuss this action or have any questions concerning this notice, please contact plaintiff's counsel, David B. Kahn or Mark E. King of Kahn & Associates at 800-536-0499 or e-mail at DBKLAW@FLASH.NET.