Reuters reports that ex-Rite Aid Corp. CEO Martin Grass is expected to plead guilty today in a federal court in Harrisburg, Pa, to the charge of conspiring to improperly boost earnings at the nation's number three drugstore chain.
The trial of Grass and former Rite Aid Vice Chairman and general counsel Franklin Brown was scheduled to begin June 23, after having been delayed when Franklyn M. Bergonzi, the former Rite Aid Corp. CFO, copped a plea and agreed to cooperate with prosecutors in exchange for a lenient sentence.
The trial of Grass and former Rite Aid Vice Chairman and general counsel Franklin Brown was scheduled to begin June 23, after having been delayed when Franklyn M. Bergonzi, the former Rite Aid Corp. CFO, copped a plea and agreed to cooperate with prosecutors in exchange for a lenient sentence.
- KC's View:
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Sounds like we can expect a plea from Franklin brown any time now…
Hope for Bergonzi's sake they put him in a different prison than Grass and Brown. They're probably not feeling too affectionately toward him right about now…
