Ex-Tyco execs lose appeal

June 8, 2009 7:56:46 AM PDT
The Supreme Court is refusing to hear an appeal from two former top executives of Tyco International that challenges their convictions for fraud and larceny involving more than $100 million in bonuses. The justices' action Monday ends the effort by Tyco's former CEO L. Dennis Kozlowski and former CFO Mark Swartz to overturn their convictions. They are serving prison terms of 8 1/3 to 25 years for taking unauthorized pay.

The former executives said their trial was flawed because they were denied access to certain documents that would have helped persuade the jury of their innocence.

A New York State appeals court previously upheld the convictions.

The case is Kozlowski v. New York, 08-1260.

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