White-Collar Crime
NY High Court Upholds Convictions of Ex-Tyco Execs
Posted Oct 17, 2008, 10:00 am CST
By Debra Cassens Weiss
New York’s highest court has turned down arguments that lawyer Davis Boies was improperly allowed to testify about an internal investigation of Tyco in the trial of two of its former executives.
The New York Court of Appeals upheld the fraud convictions of former CEO Dennis Kozlowski and ex-CFO Mark Swartz, the New York Law Journal reports. The court rejected arguments that the trial was flawed because Boies was not allowed to testify and the defendants were not permitted to access documents from the internal probe, Reuters reports.
Prosecutors had contended the men had stolen more than $150 million from the company.