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Ex-Rite Aid Counsel Says Indemnity Clock Didn't Expire

Law360, Wilmington (February 22, 2017, 6:16 PM EST) -- The former general counsel of retail pharmacy chain Rite Aid Corp. told the Delaware Supreme Court on Wednesday that his appeals of criminal convictions related to a $1.6 billion accounting scandal should extend the time during which he can seek repayment of his legal costs from the company.

During oral arguments before the high court at the Widener University Delaware Law School in Wilmington, attorneys for Franklin C. Brown told the justices that his request to set aside a criminal conviction related to the scheme that saw millions diverted from Rite Aid to a group of executives, including Brown, should have...

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