Ex-Tyco CFO Settles NJ Securities Fraud Suit

Law360, New York (November 16, 2010, 12:33 PM EST) -- Former Tyco International Ltd. finance chief Mark Swartz has settled a suit brought by the state of New Jersey and a group of pension funds in connection with his role in a massive corporate plundering of the company, agreeing to be barred from running companies and handling securities transactions in the state.

Judge William Martini of the U.S. District Court for the District of New Jersey approved the settlement Monday between Swartz and the funds, led by the New Jersey Department of Treasury, greenlighting an injunction...
To view the full article, register now.