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Former Rite Aid CEO Seen Pleading Guilty

According to a report, Martin Grass will enter the plea just ahead of his scheduled trial.

Martin Grass, the former CEO of

Rite Aid

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, is expected to enter a guilty plea Tuesday, just before he was scheduled to be tried on 35 criminal counts related to the drugstore chain's accounting scandal, according to a published report.

The Wall Street Journal

, citing a person with knowledge of the matter, said Grass would probably enter a guilty plea at the U.S. District Court in Harrisburg, Pa. The report indicated that it wasn't clear which charges the guilty plea would cover.

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Grass left the company in 1999.

Earlier this month, Frank Bergonzi, Rite Aid's former financial chief, pleaded guilty to a conspiracy charge and said he would help prosecutors.

Former vice chairman Franklin Brown is also facing charges, as is another executive, Eric Sorkin. The charges stemmed from a restatement of Rite Aid's 1998 and 1999 income, in which the company overstated its earnings by $1.6 billion.

Shares of Rite Aid were lately up 38 cents, or 9%, at $4.40 on the

New York Stock Exchange