Tyco and Kozlowski settle compensation lawsuit

Details of agreement with former CEO are under wraps

An almost decade-long dispute between Tyco International Ltd. and its former CEO, Dennis Kozlowski, has come to an end.

On Friday, Tyco and Kozlowski settled litigation concerning whether Kozlowski—who was convicted and jailed in 2005 for massive fraud—should return $505.8 million in compensation and benefits to the company.

Ashley Post

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