Tyco, Convicted Ex-CEO Kozlowski Settle Just Before Trial

Law360, New York (August 10, 2012, 8:13 PM EDT) -- Tyco International Ltd. on Friday settled its lawsuit against convicted former CEO L. Dennis Kozlowski over his role in a massive plundering of the company, just before the case was scheduled for trial on Monday.

Tyco issued a short statement confirming the settlement, but did not provide any details of the deal and declined to comment further.

Tyco fired Kozlowski in 2002 as he faced imminent indictment in New York for sales tax evasion. Following his termination, Kozlowski demanded payment from Tyco as required under the...
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