Supreme Court again denies ex-Qwest CEO Nacchio
Business Law
The U.S. Supreme Court has rejected another request by former Qwest Communications International Inc. CEO Joseph Nacchio to review his insider trading conviction.
The court revealed Monday that it won't reconsider its decision in October not to take up his case.
Nacchio was convicted in 2007 on 19 counts of insider trading, and he reported to prison in April.
However a federal judge is reconsidering his sentence. The 10th U.S. Circuit Court of Appeals ruled in July that he should be resentenced because the trial judge miscalculated when he sentenced Nacchio to six years in prison and ordered him to pay $71 million in fines and forfeitures.
Nacchio still faces a civil lawsuit filed by the Securities and Exchange Commission.
Related listings
-
GM sues steering column supplier
Business Law 11/24/2009General Motors Co. has sued a supplier over problems with steering columns that have so far cost the automaker more than $30 million to fix.The Detroit automaker is seeking damages from JTEKT North America Inc. and subsidiary JTEKT Automotive Virgini...
-
Court sides with Boeing on $1.1B contract
Business Law 11/18/2009A federal court has reversed a ruling that overturned Boeing Co.’s $1.1 billion contract for maintenance of an Air Force refueling tanker jet.The U.S. Court of Appeals for the Federal Circuit’s ruling Tuesday overturns a 2008 decision by the U.S. Cou...
-
PepsiCo learns a $1.26 billion lesson over misplaced letter
Business Law 10/29/2009It's an expensive lesson on the importance of reading your mail.A Wisconsin judge has ordered PepsiCo Inc to pay $1.26 billion to two men who said it stole their idea to sell purified water after a secretary mislaid a document alerting the world's No...
New York Commercial Litigation Law Firm - Woods Lonergan PLLC
Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.