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Reuters
Read the article here.
Excerpt:

PricewaterhouseCoopers LLP said on Friday it will pay $225 million to settle a class-action case brought by investors in Tyco International Ltd. following the accounting scandal at the diversified manufacturer.

The settlement with the auditing firm, combined with a recent settlement with Tyco that was previously announced, brings the total settlement to more than $3.2 billion, according to a statement from law firm Grant & Eisenhofer and two other law firms representing the plaintiffs.

Tyco last month agreed to pay $2.975 billion into a fund for plaintiffs in 32 class-action lawsuits that resulted from an accounting scandal that sent former Chief Executive Dennis Kozlowski to prison.
[...]
Kozlowski and former Tyco finance Chief Financial Officer Mark Swartz were found guilty in June 2005 of looting $600 million from the conglomerate. The case became one of the best-known cases of the excesses of corporate America when it became clear that Kozlowski had used company funds to pay for luxury items including a $6,000 shower curtain and a $15,000 umbrella stand.

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