Sunday, December 17, 2006
Hats off to the N.Y. State prosecutors who dismissed tax charges against L. Dennis Kozlowski, former CEO of Tyco. (see Wall Street Jrl here) Kozlowski is serving a lengthy prison sentence in the state system of between 8 1/3 to 25 years. The resolution of this matter will save the cost of having to litigate another matter regarding this defendant. Kozlowski, along with co-defendant Mark Swartz, is presently appealing his conviction (see here).