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Former Rite Aid Exec Is Sentenced

Three other former company officials are scheduled to be sentenced this week.

> > Eric Sorkin, the ex-VP for pharmacy purchasing, pleaded guilty in June 2003 to conspiring to obstruct justice for his role in the scandal that resulted in a $1.6 billion restatement for Rite Aid in 2000. Sorkin was sentenced to five months in jail and five months under house arrest. He also received two years probation and a $5,000 fine. Three other former company officials are scheduled to be sentenced this week. They include former chief executive officer Martin Grass, who agreed to a plea deal earlier this month that could cost him 10 years in prison and a $500,000 fine.
Source: CFO


Published:2004-05-27
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