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Tyco Toys

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1988

    Shareholder challenge over related-party transactions

    During Benson Seltzer's control of Tyco, the company used corporate funds in transactions involving businesses connected with Seltzer and his family, including the purchase of a Puerto Rican underwear company. Shareholders filed suit, contributing to a broader governance crisis that ended with Seltzer and his sons leaving the company in 1991.

    Source