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Legal News
28 Dec 2010
by Matt Glenn

[JURIST] The Securities and Exchange Commission (SEC) [official website] has filed an insider trading complaint [SEC release] against unknown investors in Martek Biosciences Corp. [corporate website], claiming that the investors purchased an unusually large number of call options in Martek in the two weeks preceding the December 21 announcement [DSM … [read more]


Legal News
13 Jan 2010
by David Manes

[JURIST] A federal judge on Tuesday denied the request by former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] for a new trial on insider trading charges. Nacchio had requested a new trial on the basis that the company's CFO, a key witness in the trial, had changed … [read more]


Legal News
5 Oct 2009
by Jaclyn Belczyk

[JURIST] The US Supreme Court [official website; JURIST news archive] on Monday declined to review [order list, PDF] the conviction of former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] on charges of insider trading. The Court denied Nacchio's petition for certiorari without comment, ending his appeals process. … [read more]


Legal News
1 Aug 2009
by Matt Glenn

[JURIST] The US Court of Appeals for the Tenth Circuit [official website] ruled [opinion, PDF] Friday that former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] was incorrectly sentenced to six years in prison due to flawed methodology. In sentencing Nacchio, who was convicted of insider trading [JURIST … [read more]


Legal News
14 Apr 2009
by Andrew Morgan

[JURIST] Former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] on Tuesday began serving a six-year sentence for insider trading after the US Court of Appeals for the Tenth Circuit [official website] denied [order, PDF] Monday his request [motion, PDF] to postpone imprisonment. Nacchio had argued that his … [read more]


Legal News
11 Aug 2008
by Mike Rosen-Molina

[JURIST] Qwest Communications [corporate website] will pay an additional $40 million to settle a class action shareholder lawsuit, according to an agreement released Monday in the company's second quarter earnings report [press release; materials]. Of that number, $5 million comes from insurance revenue by former Qwest CEO Joseph Nacchio [JURIST … [read more]


Legal News
31 Jul 2008
by Mike Rosen-Molina

[JURIST] The US Court of Appeals for the Tenth Circuit [official website] on Wednesday granted [order, PDF] prosecutors' petition for an en banc rehearing on whether the insider trading conviction of former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] should be overturned. In March, a Tenth Circuit panel … [read more]


Legal News
17 Mar 2008
by David Frueh

[JURIST] The US Court of Appeals for the Tenth Circuit on Monday ordered [PDF text] that former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] should be retried before a new federal judge. Nacchio had appealed his April 2007 insider trading conviction [JURIST report] for selling $52 million … [read more]


Legal News
22 Aug 2007
by Jeannie Shawl

[JURIST] The US Court of Appeals for the Tenth Circuit ruled Wednesday that former Qwest CEO Ralph Nacchio [JURIST news archive] can remain free on bail pending his appeal of his insider trading conviction [JURIST report]. Nacchio was convicted in April on 19 counts of insider training for illegally selling … [read more]


Legal News
27 Jul 2007
by Michael Sung

[JURIST] US District Judge Edward Nottingham Friday sentenced [press release] former Qwest Communications [corporate website; JURIST news archive] CEO Joseph Nacchio to six years in prison and ordered him to pay the maximum $19 million fine and forfeit of $52 million in assets obtained through insider trading. Nacchio, who was … [read more]


Legal News
20 Apr 2007
by Michael Sung

[JURIST] Former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] was convicted Thursday by a federal jury on 19 of 42 counts of insider trading. Nacchio illegally sold 1.33 million shares valued at $52 million dollars in conjunction with the Denver-based telephone service provider's accounting scandal between April … [read more]


Legal News
19 Mar 2007
by Alexis Unkovic

[JURIST] The US District Court for the District of Colorado [official website] began jury selection Monday in the trial [materials; docket] of former Qwest Communications [corporate website] CEO Joseph Nacchio [AP profile]. Nacchio was indicted on 42 counts of insider trading [JURIST report] in December 2005 for allegedly selling off … [read more]


Legal News
12 May 2006
by Tom Henry

[JURIST] Telecommunications company Qwest on Friday explained its decision to deny the National Security Agency (NSA) [official website] access to its customers' telephone records in contrast to competitors AT&T, Verizon, and BellSouth [corporate websites] which allowed that. According to a company lawyer, former Qwest CEO Joseph N. Nacchio concluded that … [read more]


Legal News
28 Dec 2005
by Jaime Jansen

[JURIST] Former Qwest Communications [corporate website] vice president of investments, mergers and acquisitions Marc Weisberg pleaded guilty Wednesday to a single wire fraud count after his indictment [US DOJ press release] in February on eight counts of wire fraud and three counts of money laundering. Weisberg agreed to cooperate with … [read more]


Legal News
20 Dec 2005
by Christopher G. Anderson

[JURIST] Former Qwest CEO Joseph Nacchio [AP profile], who watched the market value of his company decline over $100 billion, has been indicted on 42 counts of insider trading for allegedly selling off more than $100 million in Qwest stock, the US attorney's office in Denver announced Tuesday. The criminal … [read more]


Legal News
17 Aug 2005
by Alexandria Samuel

[JURIST] US Magistrate Judge Craig Shaffer delayed the civil class action fraud case against former Qwest Communications [corporate website] chief executive Joe Nacchio and other former phone company executives until September 30 to eliminate possible interference with a parallel federal criminal investigation. US Attorney William Leone requested the delay [JURIST … [read more]


Legal News
28 Jul 2005
by James Murdock

[JURIST] Leading Thursday's corporations and securities law news, the US Senate Banking Committee [official website] has approved Rep. Christopher Cox [Wikipedia profile]'s nomination to head the Securities and Exchange Commission (SEC) [official website]. The nomination will now go before the full Senate for final approval. The approval followed days of … [read more]


Legal News
27 Jul 2005
by David Shucosky

[JURIST] Gregory Casey, a former executive for Qwest Communications [corporate website; JURIST news archive], has reached an agreement with the Securities and Exchange Commission [official website] to pay $2.1 million to settle civil charges [SEC report]. Casey was one of seven former Qwest executives, including ex-CEO Joseph Nacchio, charged in … [read more]


Legal News
15 Jul 2005
by Tom Henry

[JURIST] Former Qwest Communications [official website] CFO Robin Szeliga pleaded guilty Thursday to one count of insider trading. Szeliga, initially charged last month [JURIST report; DOJ press release], will likely face a term of 15 to 21 months in prison after admitting to improperly selling 10,000 shares of Qwest stock … [read more]


Legal News
2 Jun 2005
by Holly Manges Jones

[JURIST] Former Qwest Communications International [corporate website] CFO Robin Szeliga was charged [PDF information] with insider trading Thursday based on accusations that she improperly earned $410,000 on a stock sale. Szeliga reached a plea agreement and a change-of-plea hearing has been scheduled for next month. She is the highest-ranking former … [read more]

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