February 06, 2015
The Second Circuit today cast doubt on an order commanding $7.6 million in restitution for legal bills from two law firms' work investigating malfeasance by a former Duane Reade CEO, ordering a lower court to recalculate "necessary" expenses under the Victims and Witnesses Protection Act.
September 11, 2014
The former Duane Reade Inc. CEO who completed a securities fraud sentence in December will have to pay the bulk of a federal judge's $7.6 million restitution order, after the Second Circuit largely upheld the decision on Thursday while questioning the award of legal fees to outside counsel in the suit.