Stull, Stull & Brody Announces Class Action Against Tyco International, Ltd

Business Wire, March 7, 2002

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--March 7, 2002

Notice is hereby given that a class action lawsuit was filed on March 7, 2002, in the United States District Court for the Southern District of New York, against Tyco International, Ltd. ("Tyco") (NYSE:TYC) on behalf of individuals who purchased Tyco common stock between February 5, 1999 and February 4, 2002, inclusive (the "Class Period"), against Tyco, its CEO, L. Dennis Kozlowski and its CFO, Mark H. Swartz.

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.

Plaintiff seeks to recover damages on behalf of class members and is represented by, among others, the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions.

If you purchased shares of Tyco common stock between February 5, 1999 and February 4, 2002, inclusive, you may, no later than April 5, 2002, request 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 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 Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.