Law360, New York (October 17, 2007, 12:00 AM EDT) -- Two former accountants for Qwest Communications International Inc. facing civil charges of securities fraud from the U.S. Securities and Exchange Commission said in a brief on Tuesday that their cases should receive a trial separate from that of three other ex-Qwest officers, including former CEO Joseph Nacchio.
James Kozlowski and Frank T. Noyes first moved for a separate trial on Sept. 14, and the SEC responded on Oct. 4. Tuesday's brief rebutted the SEC's response.
The employees, described in their brief as “mid-level accountants,” argued that...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.