NEW YORK--(BUSINESS WIRE)--Dec. 15, 1999--
The following is an announcement by the law firm of Weiss & Yourman:
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 October 1, 1998 and December 8, 1999, your rights may be affected.
The complaint charges defendants with violations of the Securities Exchange Act of 1934 and the Securities Act of 1933. The complaint alleges that defendants issued a series of false and misleading statements during the Class Period concerning the Company's revenue growth rate. The misrepresentation of information artificially inflated the price of the Company's securities.
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 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 October 1, 1998 and December 8, 1999, you may move the court no later than February 7, 2000, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
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 or James E. Tullman at (888) 593-4771 or (212) 682-3025 or via Internet electronic mail at wynyc@aol.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York City 10176.