ADT 2008 Annual Report Download - page 135

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pay judgments, suffer penalties or incur settlements in amounts that may have a material adverse effect
on our financial position, results of operations or cash flows.
Other Matters
Fitzpatrick Contractors Limited v. Tyco Fire and Integrated Solutions (UK) Ltd. On July 18, 2007,
Fitzpatrick Contractors Limited (‘‘FCL’’) commenced an action against Tyco Fire and Integrated
Solutions (UK) Ltd. in the High Court of Justice, Queen Bench Division, Technology and Construction
Court, United Kingdom, alleging that Tyco entered into a binding contract in 2002 for the design,
manufacture and installation of mechanical and electrical works for the refurbishment of a portion of
London Transport’s Blackwell Tunnel. FCL seeks damages for breach of contract in the amount of
approximately $38 million, and we have reserved our best estimate of probable loss related to this
matter. Tyco intends to defend this action vigorously. While it is not possible at this time to predict the
final outcome of this dispute, Tyco does not believe this action will have a material adverse effect on its
financial position, results of operations or cash flows beyond what has been accrued for. Trial is
expected to begin in April 2009.
Item 4. Submission of Matters to a Vote of Security Holders
None.
32 2008 Financials