Former Tyco CEO Dennis Kozlowski wants more. His first criminal trial ended in a mistrial and cost him almost $18 million in legal fees, while the second trial cost him $8 million. Kozlowski is appealing his conviction and is named as a defendant in many civil suits, and this will add significantly to his legal bills.
Kozlowski has now filed an action in Manhattan Supreme Court to get Tyco’s insurers to pay his legal bills. He was sentenced to 8 to 25 years in prison for his theft of $600 million, and is sitting in prison while he appeals.
This is the same CEO who paid $6,000 of Tyco’s money for a shower curtain and $15,000 for a poodle-shaped umbrella stand.