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Nacchio v. US
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September 08, 2016
Fed. Circ. Urged To Turn Away Ex-CEO's $18M Tax Refund Suit
The former CEO of Qwest Communications International Inc. shouldn't get another shot at recovering almost $18 million in taxes after he forfeited millions in proceeds from stock sales as part of a criminal conviction for insider trading, the U.S. government told the Federal Circuit on Wednesday.
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June 10, 2016
Fed. Circ. Rejects Convicted Ex-CEO's $18M Tax Refund Suit
The Federal Circuit in a precedential opinion on Friday rejected the former CEO of Qwest Communications International Inc.'s bid to recover almost $18 million in taxes after he forfeited millions in proceeds from stock sales as part of a criminal conviction for insider trading.