2nd Circ. Says $7M For Duane Reade Investigation Too Much

Law360, New York (February 6, 2015, 3:55 PM EST) -- 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.

Duane Reade had hired Cooley LLP for an internal investigation and Paul Weiss to help handle a government investigation after it began to suspect fraud by former CEO Anthony Cuti, who was convicted in 2010 and ordered by the district court to...
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