<< Read Full Article
<< Read Full Article
Tyco Lawyer Belnick Acquitted
Prosecutors in the Tyco(TYC Quote) corporate corruption trial suffered another blow Thursday when a New York jury acquitted the company's former top lawyer on grand larceny charges.
The innocent verdict in the case against Mark Belnick comes three months after a mistrial was declared in the corruption trial of Dennis Kozlowski, Tyco's former chairman and chief executive, and Mark Swartz, the company's former chief financial officer.
The jury rendered its verdict after five days of deliberation. Belnick had been charged with grand larceny for accepting a $17 million bonus, which New York prosecutors claimed Tyco's board had not approved. He also was charged with stock fraud and falsifying business records. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet