This past Friday a Denver federal court judge declined to grant a dismissal of 42 counts insider of insider against former Qwest CEO, Joseph Nacchios. The request for dismissal was related to the defense team's inability thus far to qeustion Nacchios about secret dealings with the U.S. government. Special clearances are being required for said questioning and were granted to defense lawyers as of Friday. Each of the counts against Nacchios could cost him ten years in prison and a $1 million fine. More on the case and the continuing legal manuverings therein can be found here. In addition to the criminal counts pending againts Nacchios, civil charges from the SEC also loom. More here.

-- MDT

Labels: Joe Nacchio