May 1, 2008
by Mike Rosen-Molina
Tyco International Wednesday reached an agreement with the state of New Jersey to settle a lawsuit alleging that insider trading at the company cost the state $100 million in state employee pension funds. Under the settlement terms, Tyco will pay $73 million to New Jersey and claims will be ...[read more]
November 16, 2007
by Jaime Jansen
A New York appellate court unanimously upheld the convictions of former Tyco International CEO L. Dennis Kozlowski and former CFO Mark Swartz Thursday, rejecting arguments that the pair had been convicted of grand larceny, securities fraud and falsifying business records on insufficient evidence. ...[read more]
October 17, 2007
by James M Yoch Jr
Corporate Officers & Directors Assurance Ltd. (CODA), a subsidiary of ACE Bermuda, has filed a petition in a New York trial court requesting an order compelling former Tyco International CEO L. Dennis Kozlowski to pay the insurer approximately $1.97 million. CODA provided directors and ...[read more]
July 16, 2007
by Michael Sung
A federal judge has given preliminary approval to a $3.2 billion settlement agreement between Tyco International, Tyco's former auditor PricewaterhouseCoopers, and investors who were harmed by fraudulent accounting practices orchestrated by Tyco's former top executives. Judge Paul ...[read more]
May 15, 2007
by Gabriel Haboubi
Tyco International said Tuesday that it has reached an agreement to settle most of the class actions pending against it by investors who were harmed by the actions of the company's former top executives. The settlement, which is subject to the approval of the largest shareholders and the ...[read more]
October 3, 2005
by Alexandria Samuel
New York state appeals judge Angela Mazzarelli Monday denied a bail request by two former Tyco International executives, a decision that will keep the men in jail during their appeal process. Former Tyco CEO Dennis Kozlowski and CFO Kark Schwartz were convicted of grand larceny last month and ...[read more]
September 19, 2005
by Holly Manges Jones
Wire services are reporting that two former Tyco executives have been sentenced to between 8 1/3 and 25 years in prison after having been found guilty of securities fraud, grand larceny and conspiracy earlier this year. Former Tyco International CEO Dennis Kozlowski and former CFO Mark Schwartz ...[read more]
June 17, 2005
by Tom Henry
Former Tyco CEO Dennis Kozlowski and former CFO Mark Schwartz were convicted Friday of grand larceny in connection with huge bonuses and other compensation amounting to over $150M they improperly received while in charge of the company. They were both convicted of 12 counts of grand larceny, one ...[read more]
June 3, 2005
by David Shucosky
Jurors began deliberations Thursday in the retrial of former Tyco International Ltd. top executives L. Dennis Kozlowski and Mark Swartz. The first proceeding ended in a mistrial last April because of outside pressure on a juror. The two Tyco executives are charged with grand larceny and ...[read more]
March 23, 2005
by Jeannie Shawl
A New York appeals court has ruled that Federal Insurance, the company that insured Tyco International executives, must pay the legal bills for former CEO Dennis Kozlowski, who is currently on trial on charges of grand larceny, falsifying business records and violating state business laws. The ...[read more]

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