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Corporate & Securities Law

: Truth on the Market

Some Thoughts on the Nacchio Decision and Insider Trading

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On the flight back from my spring break ski trip, I had a chance to read the recent Tenth Circuit opinion reversing the insider trading conviction of former Qwest CEO, Joseph Nacchio. Mr. Nacchio had been convicted of 19 counts of insider trading, sentenced to six years in prison (plus two years’ supervised release), fined $19 million, and ordered to disgorge $52 million more. In a 2-1 decision authored by Judge McConnell, the Tenth Circuit reversed Nacchio’s conviction because of read more

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Full post as published by Truth on the Market on March 31, 2008 (boomark / email).

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