Former Tyco Execs Want Convictions Tossed

Law360, New York (October 26, 2007, 12:00 AM EDT) -- Two former Tyco International Inc. executives who were convicted of criminal charges in conjunction with the massive accounting fraud at the company have made a bid to have the verdicts tossed, arguing that despite being accused of looting the company, they never took funds that weren't allotted by their executive compensation plans.

Attorneys for former Tyco CEO L. Dennis Kozlowski and former Chief Financial Officer Mark H. Swartz made the argument on Thursday at a hearing before the New York State Supreme Court Appellate Division, arguing...
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