Big Four firm PricewaterhouseCoopers agreed to pay $225 million to settle a securities and accounting fraud class-action lawsuit brought by Tyco shareholders. The accounting giant's payment, combined with Tyco's share, will bring the total amount of the settlement to $3.2 billion including interest, according to the three law firms representing the plaintiffs: Grant & Eisenhofer, Schiffrin Barroway Topaz & Kessler, and Milberg Weiss.
The settlement covers investors who bought or acquired Tyco shares between Dec. 13, 1999 and June 7, 2002, and comes after four years of litigation.
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