Penn Traffic Signs Agreement with U.S. Attorney

Penn Traffic Co. here said yesterday it has reached a non-prosecution agreement with the U.S. Attorney’s office for the Northern District of New York in connection with the office’s ongoing investigation into the company’s accounting practices between 2001 and 2004.

SYRACUSE, N.Y. — Penn Traffic Co. here said yesterday it has reached a non-prosecution agreement with the U.S. Attorney’s office for the Northern District of New York in connection with the office’s ongoing investigation into the company’s accounting practices between 2001 and 2004. As with the settlement Penn Traffic reached earlier this month with the Securities and Exchange Commission in its related investigation, the agreement imposes no fines or monetary penalties on Penn Traffic. The co

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