Investigation and pending class action against ADT Security Services, Inc. as a result of ADT selling analog-based alarm system equipment to consumers despite knowing since August 2002 that the equipment would fail in February 2008. It is alleged that ADT made the corporate decision to conceal this information from unsuspecting consumers at the time of purchase, and then subsequently charge them for digital upgrades so that they would continue to have the benefits of the security system after February 2008.
Name (Stock Symbol)
ADT Security Services
ADT Security provides electronic security systems and services. It is a wholly owned subsidiary of Tyco (NYSE: TYC).
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