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Dennis Kozlowski, the poster boy for corporate greed, is going to have to pay the piper — again.
The 59-year-old convicted felon, nabbed for using Tyco International cash to fund his outrageously lavish lifestyle — replete with a $6,000 shower curtain for his Fifth Avenue apartment — agreed yesterday to forfeit some of the looted money, The Post has learned.
Kozlowski — the former Tyco CEO — agreed to pay up to settle a 10-year-old Tyco suit demanding he return at least $500 million in ill-gotten gains.
Terms of the settlement, which came as a trial was set to begin on Monday, were not disclosed.
Tyco was tight-lipped about the case, merely confirming an “agreement in principle” was reached between the two sides.
The $500 million originally sought is an estimate based on claims in a 2003 complaint that listed, among other things, $287.8 million in compensation between 1997 and 2001.
In 2010, Manhattan federal judge Thomas Griesa ruled for Tyco in the long-running clawback dispute, saying Kozlowsi is liable for returning at least seven years’ worth of earnings because of his “disloyalty.”
Kozlowski was removed as Tyco’s CEO in 2002, after Tyco learned he faced an indictment for tax evasion by Manhattan’s District Attorney — a case that led to a broader investigation into a wider looting scheme that landed him in jail.
In 2005, he was convicted of grand larceny and conspiracy and sentenced to between 8 1/2 and 25 years in jail.
After years of living the high life, including the Fifth Avenue apartment the company said he bought on its dime, Kozlowski now lives at a Manhattan halfway house.
Kozlowski was so accustomed to dipping into the company’s coffers, he famously expensed at least $1 million to the company to pay for a 40th birthday bash in Sardinia for his then-wife, Karen.
The party featured bronzed actors hired to play Roman statues and an ice sculpture that “urinated” vodka.
Kozlowski and Karen have since divorced.
The settlement marks one of the last of more than 70 lawsuits filed against Kozlowski since his fall from grace, a source close to the sullied executive said.
Kozlowski was already ordered to pay $97 million in restitution to Tyco as part of his conviction in 2007, along with a $70 million fine.
He was also banned in 2009 by the Securities and Exchange Commission from serving as an officer or director of a public company.
Kozlowski was also ordered to pay $21.2 million in 2009 to settle his New York state sales tax case.
His divorce settlement with Karen, a former waitress, was not disclosed.
Kozlowski is slated for possible parole in January 2014.