Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2012 | 10:24pm CEST

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 http://www.reuters.com/article/2012/05/07/us-tyco-swartz-idUSBRE8460YA20120507

-Dow Jones Newswires; 212-416-2900

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on TYCO INTERNATIONAL LTD.
05/31DJTYCO : Files 8K - Other Events
05/31 TYCO INTERNATIONAL PLC : Other Events (form 8-K)
05/30 JOHNSON CONTROLS : and Tyco announce future executive leadership team upon close..
05/26 VALEANT PHARMACEUTICALS INTL : Pharma (VRX) Taps Tyco International's Eldessouky..
05/02 TYCO : Reports Second Quarter 2016 Earnings from Continuing Operations before Sp..
04/29DJTyco International Files 8K - Other Events
04/29 TYCO : matches Street 2Q forecasts
04/29 TYCO : Reports Second Quarter 2016 Earnings from Continuing Operations Before Sp..
04/28 TYCO : Scott Safety to unveil the first in-mask thermal intelligence system for ..
04/22 TYCO : Cares Foundation to Provide Grants to Organizations Supporting Firefighte..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials