Former Tyco CFO sues the company for $60 million

Mark Swartz claims he’s entitled to retirement funds and other money

The former chief financial officer of Tyco International is suing the company for $60 million. Mark Swartz, who is currently serving a prison sentence for his involvement in the company’s 2002 scandal, says Tyco owes him retirement funds and other money.

Swartz is suing Tyco for breach of contract, claimining the company owed him $48 million from an executive retirement agreement, as well as $9 million in reimbursement for taxes.


Cathleen Flahardy

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