December 17, 2006
Tax Charges Against Kozlowski Dismissed
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).
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