March 24, 2005
Kozlowski's Legal Fees Covered by Insurance
As Tyco's former chief executive's trial continues, one can only imagine the increasing attorney fee bill. At least one headache is off of Dennis Kozlowski's mind, although perhaps not permanently, in that a New York Supreme Court Appellate Court ruled 5-0 that an insurance company had to foot the attorney fee bill. Reimbursement may be possible down the road for "the legal costs of defending noncovered claims." For more, check out the Wall Street Jrl's article here. And for more details on the continuing trial, see here.