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Tuesday, August 10, 2004

Judge refuses to dismiss charges against former Tyco executives
Jeannie Shawl at 12:08 PM ET

New York State Supreme Court Judge Michael Obus has rejected requests by former Tyco CEO Dennis Kozlowski and former CFO Mark Swartz to drop conspiracy and corruption charges before their second criminal trial begins. Kozlowski and Swartz will thus face essentially the same charges as in their first trial on allegations they looted Tyco of $600 million, which resulted in a mistrial. Judge Obus also rejected Swartz's request and said Tuesday that the two defendants will stand trial together. Reuters has the full story. Read the amended indictment [PDF] against Kozlowski and Swartz.



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