Gov't Seeks 17 Years For Ex-Duane Reade CEO

Law360, New York (November 2, 2010, 3:05 PM EDT) -- Prosecutors have said ex-Duane Reade CEO Anthony Cuti, who was convicted of a scheme to artificially inflate the value of his New York-based drugstore chain, should serve as much as a 17 1/2-year minimum prison sentence called for under federal guidelines.

The government sentencing memorandum, filed Monday in the U.S. District Court for the Southern District of New York, follows an Oct. 18 memorandum filed by Cuti’s attorneys in which he asked Judge Deborah Batts to refigure the calculated loss of his offense to yield a...
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