Securities Law Prof Blog

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

Tuesday, April 10, 2007

Defense Rests in Nacchio Insider Trading Trial

The  defense rested yesterday in the insider trading trial of Joseph Nacchio, former Qwest Communications CEO, without any of the anticipated drama.  Nacchio did not testify, and the pre-trial reports of a defense based on classified information about lucrative military contracts was not presented.  Instead, the defense centered on Nacchio's despondency after the death of his son.  The defense expert witness was Daniel Fischel, former Dean at University of Chicago Law School.  See NYTimes, Defense Rests in Trial of Ex-Qwest Chief; WSJ, Nacchio's Defense Team Rests

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