Welcome to the Tyco International Ltd. Securities Class Action Settlement Website.
The Initial Distribution occurred in March 2009. A second distribution was made in September 2010. A re-Distribution of un-claimed, un-cashed, returned and other funds was made in early December 2011. No further distributions will be made.
The first distribution was made pursuant to Court Order which can be viewed here:
Order Authorizing Distribution of the Net Settlement Fund
The second distribution was made pursuant to Court Order which can be viewed here:
Order Re: Final Class Distribution of Settlement Fund
The re-Distribution was made pursuant to the Plan of Allocation that was made pursuant to the following provisions contained in the Court-Approved Plan of Allocation:
To the extent that any monies remain in the Cash Settlement Accounts after the Administrator has caused distributions to be made to all Authorized Claimants, whether by reason of un-cashed distributions or otherwise, then, after the Administrator has made reasonable and diligent efforts to have Authorized Claimants cash their distributions, any balance remaining in the Cash Settlement Accounts one (1) year after the initial distribution of such funds shall be redistributed to Authorized Claimants who have cashed their initial distributions and who would receive at least $10.00 from such re-distribution, after payment of any unpaid costs or fees incurred in administering the Cash Settlement Accounts for such redistribution. If six months after such re-distribution, funds remain in the Cash Settlement Accounts, then such funds shall be further re-distributed to Authorized Claimants who have cashed their most recent re-distribution and who would receive at least $10.00 from such further re-distribution, after payment of any unpaid costs or fees incurred in administering the Cash Settlement Accounts for such re-distribution. The redistributions shall continue until it becomes economically unfeasible to continue re-distributions based upon the costs associated with such re-distributions, after which such balance shall be contributed to non-sectarian, not-for-profit 501(c)(3) organization(s) to be designated by Co-Lead Counsel with the consent of Tyco and PwC, such consent not to be unreasonably withheld.
The Original Claim Filing Deadline was December 28, 2007, the Court authorized acceptance of late submitted claims through February 20, 2009, but had ordered no claim submitted after February 20, 2009 may be accepted for any reason whatsoever.