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In closing arguments Wednesday, the prosecution said former top Tyco executives L. Dennis Kozlowski and Mark Swartz had told a "ludicrous" story in their defense, one which they "made up as they went along." The prosecution's case has depended heavily on former members of Tyco's board of directors who have testified that they never approved several bonuses paid to Kozlowski and Swartz. Defense lawyers have argued that both men had no motive to steal from Tyco and had demonstrated no criminal intent.
May 26, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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