Qwest To Pay Nacchio’s Legal Fees

Law360, New York (January 26, 2007, 12:00 AM EST) -- Qwest Communications International Inc. has said it will pay the legal fees of disgraced former chief executive Joe Nacchio, who faces 42 counts of insider trading.

Though Qwest did not disclose how much money it expects to spend, various estimates have put the number in the tens of millions of dollars.

“If we have a current or former officer who is involved in a legal proceeding that arises from their service to the company, then our bylaws call for us to advance legal fees to that...
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