Exec's Lawyer Blames Market In Duane Reade Case

Law360, New York (June 3, 2010, 5:16 PM EDT) -- A lawyer for Duane Reade Inc.’s former CEO Anthony Cuti sought to persuade jurors in final remarks on Thursday that a hot real estate market explained many of the allegedly suspicious property deals that prosecutors claim were shams concocted to boost the pharmacy company’s revenue.

Reid H. Weingarten of Steptoe & Johnson LLP said to jurors in the U.S. District Court for the Southern District of New York that the government had engaged in “cherry picking” of deals and suspicious-looking facts in asserting criminal charges against...
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