We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Tosses Two SEC Claims Against Nacchio

Law360 (March 31, 2006, 12:00 AM EST) -- The Securities and Exchange Commission has been dealt another setback in its extended lawsuit against former Qwest Communications CEO Ralph Nacchio. A federal judge has dismissed two of the agency's claims against Nacchio and ordered the SEC to refile them using more specific language.

Colorado district judge Marcia Krieger ruled that the SEC was not specific enough in a claim alleging Nacchio falsified accounting records.

Krieger also tossed out a claim that Nacchio aided the company’s failure to keep accurate records.

“This allegation, which suggests that...
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.