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Legal News

: Click the Law

Ex-Tyco execs lose appeal at Supreme Court

By (Click The Law)

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The Supreme Court is refusing to hear an appeal from two former top executives of Tyco International that challenges their convictions for fraud and larceny involving more than $100 million in bonuses.

The justices' action Monday ends the effort by Tyco's former CEO L. Dennis Kozlowski and former CFO Mark Swartz to overturn their convictions. They are serving prison terms of 8 1/3 to 25 years for taking unauthorized pay.

The former executives said their trial was flawed because they were denied access to certain documents that would have helped persuade the jury of their innocence.

A New York State appeals court previously upheld the convictions.

Full post as published by Click the Law on June 08, 2009 (boomark / email).

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