By  on February 26, 2010

A federal judge on Thursday ordered former Kmart chief executive officer Charles Conaway to forfeit more than $10 million for deceiving shareholders, but stopped short of banning him from future front-office jobs altogether.

In June, a jury found that Conaway had misled investors in the run-up to the retailer’s 2002 bankruptcy. The verdict came after a civil trial in U.S. District Court in Ann Arbor, Mich., over a 2005 Securities and Exchange Commission lawsuit.

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