Prosecution's Promises Not All Delivered

Publication Date

4-6-2007

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

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

Abstract

The government rested on Wednesday, taking 10 days to present the case that former Qwest CEO Joe Nacchio traded Qwest stock while in possession of inside information. The defense apparently will produce only a smattering of witnesses and plans to wrap up this week.

As the end nears, let’s go back to the beginning. Most litigators will tell you that opening statements are, by nature, a contract with the jury. You make certain promises about what you will prove and if you don’t, the jury will remember (and, if they don’t, rest assured the other side will clue them in during closing arguments). Let’s look at the government’s promises.

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