Foresight Gives Prosecutors the Last Word

Publication Date

4-10-2007

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Nacchio, Qwest, Insider trading, Financial crime, Criminal law

Abstract

If Joe Nacchio is convicted, the entire case may come down to one well-prepared lawyer and a single key suggestion.

One of the critical issues in this case is whether Nacchio gave instructions to sell certain shares in November or sometime in December 2000. If it was in November, the order occurred before the government alleges Nacchio had inside information. If in December, the government alleges that he had inside information then. So the date matters.

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