The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]

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4/18/2006
Tyco to Pay $50 Million on Billion Dollar Financial Overstatement
According to Tyco, the payment was expected and will have "no financial impact." Sounds like they learned their lesson, no? To be fair, Tyco's primary woes relate back to the self-aggrandizing criminal conduct of the company's former CEO, Dennis Kozlowski and CFO, Mark Swartz.

More here.

-- MDT

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