Convicted Ex-Tyco CFO Loses Bulk Of $60M Benefits Claims

Law360, New York (October 23, 2012, 5:48 PM EDT) -- The convicted former chief financial officer of Tyco International Ltd. on Monday partially lost his bid to recover nearly $60 million in benefits from the company after a New York federal judge said some of the claims were better suited for ongoing litigation regarding Tyco's responsibility for the payouts. 

Ex-Tyco CFO Mark H. Swartz claimed that Tyco breached two contracts and unfairly enriched itself in withholding nearly $48 million in retirement payments and $9 million in New York tax reimbursements, but U.S. District Judge Thomas Griesa...
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Case Information

Case Title

Swartz v. Tyco International Ltd.


Case Number

1:12-cv-04060

Court

New York Southern

Nature of Suit

Labor: E.R.I.S.A.

Judge

Thomas P. Griesa

Date Filed

May 22, 2012

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