Duane Reade Execs' Trial Shines Light On Shady Dealings

Trial Shines Light On Duane Reade's 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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