Joe Nacchio was convicted in 2007 of 19 counts of insider trading. Prosecutors alleged he sold $52 million in Qwest stock based on nonpublic information that the company was at risk. The 10th Circuit Court of Appeals ruled Friday that the $52 million figure was too high. Instead, the figure used should have been Nacchio's net profit resulting from illegal insider trading.
Vote : 1 Category : Technology Tags : court orders shorter sentence exqwest
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