Prosecutors Wrap Up Duane Reade Securities Case

Law360, New York (June 3, 2010, 12:46 PM EDT) -- Prosecutors on Wednesday sought to tie together nearly two months of testimony in a securities fraud case against former Duane Reade Inc. executives, telling jurors that the defendants were undoubtedly at the heart of a scheme to inflate revenue using "sham" real estate agreements.

Assistant U.S. Attorney Rebecca Ricigliano spoke in a closing summation in the U.S. District Court for the Southern District of New York, tying together the many details described in the case against ex-CEO Anthony Cuti and former Chief Financial Officer William Tennant....
To view the full article, register now.