September 12, 2016
The former CEO of New York City drugstore chain Duane Reade Inc. said Friday he will ask the Second Circuit to take a look at an August court order finding he owes the company and its former private equity owner more than $6 million for legal bills they incurred fighting a securities fraud suit.
August 31, 2016
A New York federal judge on Tuesday lowered the restitution rate for the former CEO of Duane Reade Inc. from $7.6 million to $6.2 million to cover legal fees for the company, after the Second Circuit last year said the initial amount was too high.
September 19, 2011
Former Duane Reade CEO Anthony Cuti, who was sentenced to three years in prison and ordered to pay $5 million for allegedly scheming to inflate the pharmacy retailer's reported earnings before a private equity firm bought it, appealed his sentence Friday.
September 06, 2011
A New York federal judge on Tuesday sentenced former Duane Reade Inc. executive William Tennant to three years' probation for his role in a securities scheme to inflate the drugstore chain's earnings before a private equity firm acquired it.
August 30, 2011
Former Duane Reade Inc. CEO Anthony Cuti lobbied a New York federal court on Monday to deny more than $9 million in restitution to the pharmacy retailer and a private equity firm stemming from the executive's 2010 securities fraud conviction.
August 26, 2011
A New York federal judge on Thursday rejected a bid for a new trial from two ex-Duane Reade Inc. executives convicted of securities fraud, saying a post-trial ruling does not count as new evidence.
August 22, 2011
A New York federal judge on Monday sentenced a former CEO of Duane Reade Inc. to three years in prison and fined him $5 million for allegedly scheming to inflate the pharmacy retailer's reported earnings before a private equity firm bought it.
August 01, 2011
A New York federal judge ruled Friday that prosecutors failed to prove that the actions of two former Duane Reade Inc. executives awaiting sentencing for fraud had caused economic harm to the drugstore chain's owner, Oak Hill Capital Partners LP.
July 12, 2011
Two former Duane Reade Inc. executives awaiting sentencing for artificially inflating the value of the drugstore chain told a New York federal court Monday that prosecutors failed to prove any losses suffered by the private equity firm that acquired the company in 2004.