Former Rite Aid chief financial officer Frank Bergonzi is likely to escape a maximum five-year jail sentence for his role in an accounting scandal.
According to US press reports, he will be shown leniency because he played a minor role in the events that led to Rite Aid restating earnings in 1998 and 1999 by US$1.6 billion (£905.4 million).
Bergonzi, who pleaded guilty to conspiracy, will be sentenced next week, as will former Rite Aid vice-president for pharmacy purchasing Eric Sorkin and former Rite Aid senior vice president of store development Philip Markovitz.
Sentencing dates are still to be set for others involved.
No comments yet