Securities Law Prof Blog

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

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Friday, July 27, 2007

Former Qwest CEO Sentenced for Insider Trading Convictions

Former Qwest Communications CEO Joseph Nacchio was sentenced today to six years in prison, fined $19 million, and ordered to forfeit $52 million in stock trading profits.  He was convicted in April of 19 counts of insider trading.  He is appealing his conviction.  WSJ, Former Qwest CEO Nacchio Is Sentenced to Six Years.

http://lawprofessors.typepad.com/securities/2007/07/former-qwest-ce.html

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