NFL Hall-of-Famer Cris Carter: Tyco Failed to Pay Up
The former Minnesota Viking has filed a lawsuit against Tyco Int’l, claiming that the firm still owes $3 million for acquiring the security division of Carter Brothers LLC in 2012.
ATLANTA – Former Minnesota Vikings receiver Cris Carter is suing Tyco Int’l for failing to fulfill parts of a 2012 agreement to buy a division of the Carter Brothers security business.
In 2002, Carter and his brother John formed a strategic partnership with Tyco, in which Tyco agreed to provide project management
In October 2012, Tyco Integrated Security agreed to purchase the equity interest in Carter Brothers LLC, which consisted of a fire and life safety and a security division, for $35.8 million, Star Tribune reports.
In the lawsuit, Carter and his brother John claim that while they fulfilled the conditions of the sale, Tyco has refused to pay the $3 million that is still owed.
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