Скачать или смотреть Former Qwest CEO Sues Defense Lawyers Following Insider Trading Conviction

Former Qwest CEO Sues Defense Lawyers Following Insider Trading Conviction

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Описание к видео Former Qwest CEO Sues Defense Lawyers Following Insider Trading Conviction

Qwest is down 0.15% to $6.78 in midday trade, after Joseph Nacchio, the company's former CEO convicted of insider trading, sued his defense lawyers, according to Bloomberg.

Nacchio reportedly claims the attornies were negligent and "grossly overbilled him" for costs.

Nacchio is serving a 70-month prison sentence for illegally selling $52 million of stock in Qwest in 2001 using inside information.

Nacchio claimed in a lawsuit filed today that he was convicted as a result of professional negligence by attorney Herbert Stern and his law firm, Stern & Kilcullen LLC, in New Jersey.

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