The New York State Department of Corrections and Community Supervision recently reported that former Tyco International CFO Mark Swartz has been granted parole and should be released in January. In 2005, a Manhattan jury convicted Mr. Swartz, who served as Tyco's CFO from 1995 to 2002, and former CEO Dennis Kozlowski of defrauding shareholders of more than $400 million.

James A. Mitchell, a Ballard Spahr Stillman & Friedman litigation partner representing Mr. Swartz, told Bloomberg: "We are grateful for the decision granting parole to Mark. This has been a long journey and he looks forward to a happy and productive future."

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