The Law Office of Weiss & Yourman Announces Class Action Lawsuit Against Tyco International, Ltd

Business Wire, March 19, 2002

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--March 19, 2002

A class action lawsuit against Tyco International, Ltd. ("Tyco" or the "Company")(NYSE:TYC) was commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Tyco securities.

If you purchased Tyco securities between December 13, 1999 and February 5, 2002, your rights may be affected.

The complaint charges defendants with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants issued false and misleading statements which artificially inflated the stock.

This action seeks to recover damages on behalf of defrauded investors who purchased Tyco securities. Plaintiff is represented by Weiss & Yourman, a law firm having significant experience and expertise prosecuting class actions on behalf of investors and shareholders in federal and state courts throughout the United States, particularly those involving financial reporting improprieties. Weiss & Yourman has been appointed by numerous courts to serve as lead counsel in class action lawsuits and in that capacity has recovered hundreds of millions of dollars on behalf of investors.

If you purchased Tyco securities during the period of December 13, 1999 and February 5, 2002, you may move the court no later than April 7, 2002, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. 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 plaintiff." 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 Weiss & Yourman or other counsel of your choice to serve as your counsel in this action.

If you wish to receive an investor package or if you wish to discuss this action, or have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact:

Mark D. Smilow, James E. Tullman, and/or David C. Katz, at (888) 593-4771 or (212) 682-3025 or via Internet electronic mail at info@wynyc.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York, New York 10176.