Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Friday, March 16, 2007

Nacchio Inside Trading Trial Starts Next Week with Novel Defense

The WSJ's front page highlights the inside trading trial of Joseph Nacchio, formerly of Qwest Communications, set to begin next week in Denver.  The government charges him with selling over $100 million worth of Qwest stock before the company's financial troubles were publicly known.  Nacchio's defense is that he had classified information that Qwest would likely get big national security-related contracts and had no reason to think the corporation would do poorly.  See WSJ, Ex-Telecom CEO Fields 'Black Box' Trial Defense.

http://lawprofessors.typepad.com/securities/2007/03/nacchio_inside_.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d835417af053ef

Listed below are links to weblogs that reference Nacchio Inside Trading Trial Starts Next Week with Novel Defense:

Comments

Post a comment