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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 […]

Round TABLE

On the conclusion of the Tunney Act-based case challenging the Justice Departments 2005 approval of the SBC-AT&T and Verizon-MCI mergers that opponents said harm the public interest The government need not prove that the settlements will perfectly remedy the alleged antitrust harms; it need only provide a factual basis for concluding that the settlements are […]

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. […]

Harold H. Greene

THEN: U.S. District Court Judge Harold H. Greene was just a few years past presiding over the antitrust suit that broke up the AT&T telecommunications monopoly. The case was one of Greenes first after being named to the bench. NOW: Judge Greene, who stopped hearing cases in 1998 and died in 2000, will always be […]

Megamerger Review Drags On

WHETHER A FEDERAL JUDGES review of the four recent RBOC megamergers will change how future deals are approved remains a matter of speculation. What regulatory experts do agree on is the judge has no plans to let the government walk on him as he examines whether the Department of Justice (DoJ) did due diligence in […]

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