Qwest Executive Accuses Prosecutors Of Misconduct

Law360, New York (May 2, 2006, 12:00 AM EDT) -- In a new strategy, attorneys for former Qwest Inc. chief Joseph P. Nacchio are accusing the government’s attorneys of improperly influencing a grand jury before it indicted the fallen executive.

The documents, filed in the U.S. District Court for the District of Colorado, asked the judge to dismiss 42 counts of insider trading, claiming that prosecutors “unfairly swayed” the grand jury and “substantially influenced its decision.”

The grand jury led to charges that Nacchio illegally sold $100 million of Qwest stock in early 2001, based on...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.