Pricewaterhouse Settles Tyco Lawsuit
Court Alerts
Attorneys representing the shareholders of Tyco International Ltd. said Friday PricewaterhouseCoopers LLP has agreed to pay $225 million to settle a class action lawsuit.
Tyco (nyse: TYC - news - people ) shareholders pursuing the lawsuit had claimed that as Tyco's independent auditor, PricewaterhouseCoopers failed to uncover fraud in an accounting scandal at the conglomerate. Tyco's chief executive and chief financial officer were convicted in the scandal.
In May, Tyco agreed to pay nearly $3 billion to shareholders in association with the case. Investors who purchased or acquired Tyco securities from December 13, 1999 to June 7, 2002 are covered by the settlement. Calls to PricewaterhouseCoopers were not immediately returned. Shares of Tyco International rose 7 cents to close at $53.17.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.