Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Tyco International Ltd.    TYC   CH0100383485

SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tyco International Ltd. : Imprisoned Ex-Tyco CFO Mark Swartz Sues Co For $60 Million, Claims Breach Of Contract -Reuters

05/07/2012 | 04:24pm US/Eastern

Mark Swartz, a former Tyco International Ltd. (TYC) chief financial officer serving a prison sentence for grand larceny and securities fraud, sued the company for $60 million claiming breach of contract, Reuters reported Monday.

His claims include about $48 million for an executive retirement agreement and $9 million in reimbursement for New York taxes, the report said.

The lawsuit claims Tyco approved a contract with him "with actual knowledge that he was shortly to be indicted," Reuters reported.

A Tyco spokeswoman didn't immediately return requests for comment, the report said.

Full story at

-Dow Jones Newswires; 212-416-2900

React to this article
09:00a TYCO : Integrated Security : Announces Small Business Security Webinar
07:28a CommScope to buy most of TE Connectivity's network business
01/27 TYCO : AEG Locks in Tyco Integrated Security as Official Security Provider for S..
01/21 TYCO INTERNATIONAL LTD. : ex-dividend day
01/14DJTyco International Files 8K - Other Events
2014 TYCO : Integrated Security : Named to Food Logistics FL100+ List
2014DJTyco to Buy Gas Detection Business For $329.5 Million
2014DJTyco International Files 8K - Other Events
2014DJTyco International Files 8K - Changes Executive Management
2014 TYCO : announces merger with subsidiary Tyco International plc
Duration : Period :
Tyco International Ltd. Technical Analysis Chart | TYC | CH0100383485 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes