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Ex-Qwest CEO Didn't Foresee Trouble Ahead

Nacchio appeals conviction in $52M insider-trading deal

By Jonas Oransky,  Newser Staff

Posted Oct 10, 2007 11:54 AM CDT

(Newser) – Former Qwest chief Joseph Nacchio yesterday appealed an insider-trading conviction, claiming he couldn’t have known the telecommunications company was in dire straits when he sold $52 million in stock in 2001. Rebutting a federal court’s guilty finding on 19 counts, the brief asserts...   Read full story »

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