Insider trading trial of former Qwest CEO starts
Court Alerts
[##_1L|1191734510.jpg|width="90" height="119" alt=""|_##]The US District Court for the District of Colorado began jury selection Monday in the trial of former Qwest Communications CEO Joseph Nacchio. Nacchio was indicted on 42 counts of insider trading in December 2005 for allegedly selling off more than $100 million in Qwest stock in conjunction with the Denver-based telephone service provider's accounting scandal. Nacchio faces up to ten years in prison and a $1 million fine for each of the 42 counts. The trial may last as long as eight weeks.
Nacchio and other executives also face a class action lawsuit and civil charges brought by the Securities and Exchange Commission. Another former Qwest employee, ex-Vice President Marc Weisberg, pleaded guilty to wire fraud in December 2005 and agreed to help prosecutors build a case against Nacchio.
Related listings
-
U.S. Supreme Court to decide Alaska case
Court Alerts 03/17/2007[##_1L|1080082489.jpg|width="104" height="138" alt=""|_##]The Supreme Court will hear arguments Monday in the case of Joseph Frederick, the Alaska high school student who was suspended for displaying a "Bong Hits 4 Jesus" banner. Other cases involvin...
-
Detroit Man Sentenced for Child Prostitution
Court Alerts 03/16/2007[##_1L|1024039944.jpg|width="120" height="107" alt=""|_##]Robert Lewis Young of Detroit was sentenced today to 25 years in federal prison for running a criminal operation prostituting adults and children, Assistant Attorney General Alice S. Fisher of...
-
Conn. Woman Pleads Guilty for Human Trafficking
Court Alerts 03/16/2007[##_1L|1348157285.jpg|width="120" height="88" alt=""|_##]Shanaya Hicks of Hartford, Conn., pleaded guilty today to five counts related to her role in a sex-trafficking ring that involved minors. Hicks is the eighth of ten defendants to plead guilty t...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.