Class Action Lawsuit Commenced by Bernstein Liebhard & Lifshitz, LLP Against Tyco International Ltd. -TYC-.

Business Editors/Legal Writers

NEW YORK--(BUSINESS WIRE)--Dec. 20, 1999

The following is an announcement by the law firm of Bernstein Liebhard & Lifshitz, LLP:

Securities Fraud Claims Asserted Against Tyco International 

Ltd.(TYC) by Bernstein Liebhard & Lifshitz, LLP

A securities class action lawsuit was commenced on behalf of purchasers of the common stock of Tyco International Ltd.(NYSE:TYC) ("Tyco" or the "Company"), between December 10, 1998 and December 8, 1999, inclusive, (the "Class Period"), in the United States District Court for the Southern District of Florida.

The complaint charges Tyco and certain of its directors and executive officers with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants issued materially false and misleading statements due to improper accounting practices in connection with certain acquisitions the Company made during the Class Period. Defendants took these improper charges and writeoffs in order to boost Tyco's future operating results. As a result of these misrepresentations and omissions, the price of Tyco's common stock was artificially inflated throughout the Class Period. Tyco insiders took advantage of this run-up in Tyco's share price to sell over 1.5 million of their own shares to the investing public and realize proceeds of over $170 million.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Tyco common stock during the Class Period.

If you purchased or otherwise acquired Tyco securities during the Class Period, and either lost money on the transaction or still hold the stock, you may wish to join in the action to serve as lead plaintiff.

In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than 60 days from December 9, 1999.

Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors.

If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Mr. Mark Punzalan, Director of Shareholder Relations at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, [phone] or 212-779-1414 or by e-mail at [e-mail].