federal

 

Nacchio Appeals Insider Trading Conviciton

Former Qwest Communications International Inc. CEO Joseph Nacchios legal team is seeking to overturn his conviction for insider trading. Nacchios attorney, Maureen Mahoney, filed a 58-page brief with a federal appeals court Tuesday saying there was insufficient evidence for a conviction. She also said the judge gave improper jury instructions and excluded important defense testimony […]

Verizon: VoIP is VoIP

Verizon Communications Inc. has asked the FCC to regulate all VoIP services and providers not just over-the-top companies such as Vonage Holdings Corp. on an interstate basis. Such a move would override state authority. It also could impact the rules governing how competitors interconnect with incumbents networks Verizons proposal comes as part of its continued […]

Federal Lawmakers Take Time Out for Telecom Policy Issues

Congress appears to be taking a renewed interest in telecom issues. In the past week, two subcommittees have held hearings on special access, Bell forbearance petitions and copper loop retirement. Sen. John Kerry, D-Mass., held the first hearing last week. He is chairman of the Small Business and Entrepreneurship Committee. Kerry wanted to examine ways […]

AirMagnet Achieves FIPS Certification

AirMagnet Inc. today announced that it is the first wireless intrusion detection systems vendor to achieve Federal Information Processing Standards certification. The National Institute of Standards and Technology (NIST) issued the FIPS 140 Publication Series to coordinate the requirements and standards for cryptographic modules, which include both hardware and software components, for use by departments […]

Nacchio Gets Six Years in Prison, Must Repay $52 Million

Joe Nacchio, Qwest Communications International Inc.s embattled former CEO, was sentenced July 27 to six years in prison. A federal judge on Monday also ordered Nacchio to repay $52 million within 15 days, pay a $19 million fine, cover most legal costs and serve two years of probation in addition to his prison time. Nacchio […]

Judge: Nacchio Must Forfeit Assets of $52 Million

Qwest Communications International Inc.s former CEO, Joe Nacchio, must forfeit $52 million in assets he gained after illegal stock sales. The federal government has tried since late 2005 to force Nacchio to hand over those proceeds. A federal judge in Denver released the forfeiture order on Friday as Nacchios sentencing hearing was starting. Nacchio in […]

Round Table

On the recent Congressional push to keep Internet access services such as Web hosting tax-free [T]he fledgling industry argument for Internet services in the United States is no longer relevant. Electronic commerce is a mature and important part of the U.S. and international economy. The continued moratorium on taxing charges for Internet access should be […]

NEWS BRIEFS

Wholesale service provider Pac-West Telecomm Inc. filed for Chapter 11 bankruptcy on May 1. The beleaguered company has secured $18.5 in debtor-inpossession financing to fund operations during reorganization. Pac-West has watched revenue from ISPs decline as it simultaneously has spent millions building out its network. It also sold its retail business to TelePacific Communications in […]

Federal Lawmakers Introduce USF Reform Act

Congressional Reps. Rick Boucher, D-Va., and Lee Terry, R-Neb., have introduced a bill to reform the Universal Service Fund (USF). Boucher and Terry on Thursday released the text of their bill, the Universal Service Reform Act of 2007. They are members of the House Energy and Commerce Committee, which oversees telecom. The bill proposes to […]

Nacchio Found Guilty on 19 of 42 Counts

A jury Thursday found former Qwest Communications International Inc. CEO Joe Nacchio guilty on 19 of 42 counts of illegal insider trading. Jury deliberations took six days. Nacchio now faces up to 10 years in prison and a $1 million fine for each of the 19 guilty counts. Federal prosecutors contended Nacchio took part in […]

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