Defendant Name: Tyco International Ltd

Defendant Type: Public Company
SIC Code: 7382
CUSIP: H8912810

Initial Case Details

Legal Case Name SEC v. Tyco International Ltd
First Document Date 24-Sep-2012
Initial Filing Format Civil Proceeding
Case Number 12-cv-01583
Allegation Type Foreign Corrupt Practices Act
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 30A


First Resolution Date 24-Sep-2012
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp-pr2012-196 24-Sep-2012 Complaint
On September 24, 2012, the SEC filed a civil complaint against Tyco International Ltd. According to the complaint: "This matter concerns violations by Tyco International Ltd. ('Tyco') of the books and records, internal controls, and anti-bribery provisions of the Foreign Corrupt Practices Act ('FCPA').... The FCPA misconduct [voluntarily] reported by Tyco showed that Tyco's books and records were misstated as a result of at least twelve different, post-injunction illicit payment schemes occurring at Tyco subsidiaries across the globe. The schemes frequently entailed illicit payments to foreign officials that were inaccurately recorded so as to conceal the nature of the payments." Countries where alleged FCPA violations took place include: Turkey, China, Croatia, India, Libya, Saudi Arabia, Serbia, Syria, the United Arab Emirates, Mauritania, the Congo, Niger, Madagascar, Thailand, Malaysia, Egypt, and Poland.
LR-22491 24-Sep-2012 Litigation Release
SEC Charges Tyco With Making Illicit Payments to Foreign Officials
On September 24, 2012, the SEC published a litigation release regarding this matter. According to the release Tyco International Ltd. agreed to "pay over $13 million in disgorgement and prejudgment interest to settle the charges."
2012-196 24-Sep-2012 Press Release--Civil Action
SEC Charges Tyco for Illicit Payments to Foreign Officials
On September 24, 2012, the SEC charged Tyco International Ltd. with violating the Foreign Corrupt Practices Act when subsidiaries arranged illicit payments to foreign officials in 12 different counties, including Germany and China. The Commission alleges that as a result of these payment schemes, Tyco's books and records were misstated and it failed to devise and maintain internal controls sufficient to detect the violations.
court_doc6_12-cv-01583 17-Jun-2013 Court Docket Document
Final Judgment
On June 17, 2013, Federal District Judge Richard J. Leon entered final judgment against Tyco International Ltd pursuant to the consent of Tyco International Ltd.