Ex-Duane Reade Exec Seeks To Avoid Prison Time

Law360, New York (November 1, 2010, 7:44 PM EDT) -- Facing a recommended five years in prison for a securities fraud conviction, William Tennant, former chief financial officer of Duane Reade Inc., is asking a federal judge to spare him a prison sentence in favor of probation.

Tennant, 63, filed an 81-page sentencing memorandum Friday asking the U.S. District Court for the Southern District of New York to depart from sentencing guidelines and issue a noncustodial sentence.

The securities fraud conviction carries a maximum prison sentence of 20 years, but a probation officer's presentence report calls...
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