Ex-Qwest CEO Asks Judge To Dismiss Trading Charges

Law360 (February 13, 2006, 12:00 AM EST) -- Denying any knowledge of number fudging, former Quest Communications International Inc. CEO Joseph Nacchio has asked a federal judge to dismiss the insider trading charges brought against him in connection with one of the largest accounting scandals of recent years.

"It is not alleged that Mr. Nacchio knew Qwest could not make its numbers, or even that he believed Qwest would not make its numbers, but merely that he had been told that Qwest might not be able to make its numbers," a defense filing with...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.