Jury selection for the retrial of former Tyco International CEO, Dennis Kozlowski and chief finance officer, Mark Swartz began on Tuesday.
Their previous trial, on charges of grand larceny, conspiracy, falsifying business records and business law violations, collapsed after six months when a juror who had been named by the media received a threatening letter.
Since then, the charge of enterprise corruption has been thrown out, but the two men still stand accused of covering up unauthorized bonuses, forgiving themselves loans, and disseminating misleading information regarding the Bermuda-based company's financial situation.
Observers in the US media have suggested that this time around, the prosecution is likely to focus less on the 'perks' and extravagant lifestyle afforded to Kozlowski and Swartz by the money which they siphoned off from Tyco. The new trial is expected to last several months.
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