SEC Renews Bid For Judgment In Nacchio Case

Law360, New York (April 13, 2010, 5:53 PM EDT) -- The U.S. Securities and Exchange Commission has asked a federal judge to reconsider an order denying summary judgment on its insider trading claim against former Qwest Communications International Inc. executive Joseph P. Nacchio.

The SEC filed its motion in the U.S. District Court for the District of Colorado on Monday, saying it was entitled to judgment on the claim because it was based on the same allegations that brought Nacchio down at his criminal trial in 2006.

In her March 31 order, Judge Marcia S. Krieger...
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