Closing Arguments Begin in Retrial of Ex-Tyco Executives

In the first of the closing arguments in the trial of the two former top executives of Tyco International Ltd., the lawyer for former Chief Financial Officer Mark Swartz said his already well-compensated client had no motive to steal from the company. Defense lawyer Charles Stillman said Monday that his client never made any attempts to conceal bonuses and loans and pointed out that those payments were known to others, including the company's outside auditors at PricewaterhouseCoopers.

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