Delivering opening statements Thursday in the retrial of former Tyco International Ltd. executives L. Dennis Kozlowski and Mark H. Swartz, defense lawyers took square aim at the prosecution's assertions of theft. The lawyers said their clients had legitimately received massive bonuses -- which they attributed in large part to the enormous growth of Tyco's revenue and profits during their tenure -- and said that lack of criminal intent requires acquittal.
Tyco Defense: 'No Criminal Intent Means No Crime'
New York Law Journal
January 28, 2005