We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Tyco Execs' Appeal Of Convictions Shot Down

Law360 (November 16, 2007, 12:00 AM EST) -- Two former Tyco International Inc. executives convicted of looting the industrial conglomerate lost their appeals Thursday when a New York appeals court refused to toss their 25-year prison sentences.

New York State Supreme Court's Appellate Division rejected arguments by former chief executive Dennis Kozlowski and former chief financial officer Mark Swartz that the money they siphoned from the company had been approved by the company's compensation committee and included in their compensation plans.

“One cannot steal what one has earned,” attorneys for the convicted pair argued...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.