Former Tyco International Ltd. Chief Executive L. Dennis Kozlowski spent more than $17 million to defend himself in his first criminal trial and in several civil cases over his time at the helm of the company according to recently filed court documents.

Former Tyco International Ltd. Chief Executive L. Dennis Kozlowski spent more than $17 million to defend himself in his first criminal trial and in several civil cases over his time at the helm of the company according to recently filed court documents. 2

Kozlowski accrued defense costs of nearly $17.8 million in his first criminal trial and the civil cases, according to a July 2005 letter seeking payment under a directors-and-officers insurance policy taken out by Tyco.
“Please note that the sums demanded in this letter do not include the great bulk of the defense costs incurred in the second criminal trial of Mr. Kozlowski, and he believes that the total defense costs in question now exceed $25 million,” the letter says.
The letter was included as part of a court filing by Kozlowski in New York State Supreme Court in Manhattan last week. Kozlowski is seeking documents from an insurance broker here that he hopes to use in an arbitration later this month in London over the insurance policies.
A lawyer for Kozlowski couldn’t be reached for comment late Thursday.
Last June, a jury convicted Kozlowski and Mark H. Swartz, Tyco’s ex-chief financial officer, of 22 of 23 counts each, including grand larceny, conspiracy and securities fraud in connection with looting millions of dollars from Tyco. They were each acquitted of one charge of falsifying documents. Their convictions followed a mistrial in the case in 2004.
In August, Kozlowski, 59 years old, and Swartz, 45, each were sentenced to 8 1/3 years to 25 years in prison and ordered to pay $240 million in fines and restitution. With good behavior and other factors, the earliest the two men could be eligible for parole is August 2012.
Kozlowski is serving his sentence at Mid-State Correctional Facility in Marcy, N.Y., while Swartz is serving his sentence at Oneida Correctional Facility in Rome, N.Y.

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