Wolf Haldenstein Adler Freeman and Herz LLP Commences Class Action Suit Against Tyco International, Ltd

Business Wire, Feb 13, 2002

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--Feb. 13, 2002

Wolf Haldenstein Adler Freeman & Herz LLP has commenced a class action lawsuit in the United States District Court for the Southern District of New York on behalf of holders of Tyco International, Ltd. ("Tyco" or the "Company") (NYSE: TYC) common stock between February 5, 1999 and February 4, 2002 (the "Class Period"), inclusive, against Tyco, its CEO, L. Dennis Kozlowski and its CFO, Mark H. Swartz.

The case name and index number are Engel v. Tyco International, Ltd., 02 CV. 1150. A copy of the complaint filed in this action is available from the Court, or can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP website at www.whafh.com.

The Complaint alleges that defendants violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, by failing to disclose hundreds of acquisitions during the Class Period which improperly inflated reported revenue and earnings.

Plaintiffs seek to recover damages on behalf of all those who purchased shares of Tyco common stock during the Class Period. If you purchased shares of Tyco common stock during the Class Period, you may, no later than April 5, 2002, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiffs." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 60 attorneys in various practice areas; and offices in Chicago, New Jersey, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (Fred T. Isquith, Michael Miske, George Peters, or Derek Behnke), via e-mail at classmember@whafh.com or visit our website at http://www.whafh.com. Your e-mail should refer to Tyco.