Appeals Court Overturns Nacchio Conviction

Law360, New York (March 17, 2008, 12:00 AM EDT) -- An appeals court overturned the insider trading conviction of the former chief executive of Qwest Communications International Inc. on Monday, saying the trial court was wrong to exclude expert testimony.

A three-judge panel of the U.S. Court of Appeals for the Tenth Circuit voted 2-1 that the improper exclusion merits a new trial for Joseph Nacchio. The appellate court said that the evidence is sufficient for the government to try the former executive again.

“This is a setback, not a defeat,” said U.S. Attorney for the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

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.