NYC
06/19/2010 05:12 am ET Updated May 25, 2011

Duane Reade Execs' Trial Shines Light On Shady Dealings

The defense in the federal trial of two former Duane Reade executives is painting a murky picture of two of the city's leading retail brokers as the trial entered its second week.

The brokers, who are not charged in the case, acted on a few deals with Duane Reade as both landlord and broker. In addition, the trial has painted a picture of a retail leasing environment in which landlords in a few instances paid brokers in cash to avoid taxes, including one instance of a suitcase filled with cash, though such cash dealings didn't occur in connection with the Duane Reade deals.

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