Clarifying the law on restitution, the Second Circuit said Anthony Cuti must reimburse his former company for employees' legal fees incurred during the fraud investigation that landed him in prison and pay restitution to the hedge fund that bought Duane Reade as a "non-victim."
September 12, 2014 at 12:00 AM
1 minute read
Ex-Duane Reade CEO Anthony Cuti must reimburse his former company for employees’ legal fees incurred during a fraud investigation that landed the executive in prison, a federal appeals court said Thursday.
Clarifying the law on restitution, the U.S. Court of Appeals for the Second Circuit also said Cuti must pay restitution to Oak Hill, the hedge fund that bought Duane Reade, as a “non-victim” under the Victims and Witnesses Protection Act, 18 U.S.C. §3663.
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