Really a shame that these crooks get to sniff another day of fresh air, I have no doubts this juror was bought off. If these guys do not get convicted then it should make everyone whom has money in the stock market to rethink their position and pull the funds out.
Judge declares Tyco mistrial
Kozlowski, Swartz likely to face a new trial after six-month trial ends without a verdict.
April 2, 2004: 12:18 PM EST
NEW YORK (CNN/Money) - The six-month long corporate corruption trial involving former Tyco CEO Dennis Kozlowski ended in a mistrial Friday after 12 days of closely watched but ultimately fruitless deliberations.
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New York State Supreme Court Judge Michael Obus granted a new defense motion for a mistrial after rejecting numerous earlier requests.
Notes from the jury room a week ago suggested there was a single juror, a retired teacher and lawyer, holding out for acquittal.
Kozlowski and co-defendant Mark Swartz, the company's ex-chief financial officer, had been accused of bilking the conglomerate of $600 million -- $170 million from unauthorized bonuses and personal loans and another $430 million through dishonest stock sales.
They maintained their innocence throughout the trial. They now likely face a new trial by state prosecutors on the same charges.
Judge declares Tyco mistrial
Kozlowski, Swartz likely to face a new trial after six-month trial ends without a verdict.
April 2, 2004: 12:18 PM EST
NEW YORK (CNN/Money) - The six-month long corporate corruption trial involving former Tyco CEO Dennis Kozlowski ended in a mistrial Friday after 12 days of closely watched but ultimately fruitless deliberations.
YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.
Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
New York State Supreme Court Judge Michael Obus granted a new defense motion for a mistrial after rejecting numerous earlier requests.
Notes from the jury room a week ago suggested there was a single juror, a retired teacher and lawyer, holding out for acquittal.
Kozlowski and co-defendant Mark Swartz, the company's ex-chief financial officer, had been accused of bilking the conglomerate of $600 million -- $170 million from unauthorized bonuses and personal loans and another $430 million through dishonest stock sales.
They maintained their innocence throughout the trial. They now likely face a new trial by state prosecutors on the same charges.
