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 […]

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 […]

Nacchio Attorneys File for New Trial

Attorneys for former Qwest Communications International Inc. CEO Joe Nacchio filed motions Monday for an acquittal, a new trial and a change of venue in his insider trading case. His attorneys said the jury that convicted him on 19 of 42 counts in April was exposed to public attacks on Nacchio. A judge has denied […]

Judge Bars Vonage From Signing New Subs

A federal judge has barred Vonage Holdings Corp. from signing up new subscribers because it infringed on three Verizon Communications Inc. patents. Vonage plans to immediately appeal the ruling. U.S. District Judge Claude Hilton on Friday told Vonage he would hold the injunction against the company as punishment for the infringement. The Associated Press reported that Vonage’s […]

Case Closed: Judge Says Megamergers Serve Public Interest

After nearly a year of deliberations, a federal judge has decided that the 2005 Bell megamergers were in the public interest. Judge Emmet G. Sullivan released a 56-page order on Thursday that reaffirmed the Justice Departments 2005 consent decree conditionally clearing the SBC-AT&T and Verizon-MCI mergers. Sullivan said his task was limited under the law […]

Jury Ponders Whether Vonage Infringed on Verizon Patents

Jurors on Wednesday started deliberating whether Verizon Communications Inc.s claim that Vonage Holdings Corp. infringed on its patents has merit. Lawyers for both companies wrapped up closing arguments in federal court in Virginia. Reuters reported that jurors asked the judge for permission to work into the night, since they hoped to reach a verdict soon. […]

Federal Judge Rules Warrantless Wiretapping Unconstitutional

A federal judge on Thursday declared the governments warrantless wiretapping program unconstitutional. U.S. District Judge Anna Diggs Taylor also ordered an immediate halt to the surveillance by the National Security Agency, the Associated Press and other media reported. Taylor, a judge in Detroit, is the first to shoot down the governments efforts to listen in […]

Court Requests More Information in Merger Review

In his review of the megamergers, Judge Emmet G. Sullivan of the U.S. District Court for the District of Columbia on Tuesday said he did not have enough information to approve or reject the consent decrees for the mergers of SBC Communications Inc. with AT&T Corp. and Verizon Communications Inc. with MCI Inc. And, he […]

BellSouth Shareholders Approve Deal With AT&T

BellSouth Corp. shareholders on Friday morning voted overwhelmingly to approve the companys $67 billion merger with AT&T Inc., despite misgivings from employees about the future of their jobs and retirement benefits. This is a significant step in the merger approval process, said F. Duane Ackerman, BellSouths chairman and CEO. He said preliminary results indicated the […]


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