Duane Reade Execs Win Bid To Bar New Loss Models

Law360, New York (January 25, 2011, 7:01 PM EST) -- A federal judge has shot down the government's attempt to put forth several new alternative loss theories in the sentencing of two former Duane Reade Inc. executives convicted of artificially inflating the value of the New York-based drugstore chain.

Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York on Monday granted former Duane Reade CEO Anthony Cuti and former Chief Financial Officer William Tennant's request to bar prosecutors from presenting four new models of the alleged loss that private...
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