Thomson ReutersOctober 4, 2013 08:18
(Reuters) - Tyco International Ltd's <TYC.N> former chief financial officer, Mark Swartz, who is serving a prison sentence for bilking the company, has been granted parole by the New York parole board, his lawyer told Reuters.
Swartz, who was convicted of grand larceny and securities fraud in 2005, is expected to be released in January.
"Mark has been granted parole. He is grateful for this result and looks forward to resuming life with his incredible family," Swartz attorney Charles Stillman told Reuters.