CTQ : Summary for Qwest Corporation 7.375% Notes - Yahoo Finance

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  • Sue the Witness Who Helped Put You in Jail, Win $14 Million
    Bloomberg11 months ago

    Sue the Witness Who Helped Put You in Jail, Win $14 Million

    “We are disappointed in the verdict and we plan to appeal," said Ayco spokesman Brian Cuneo. Nacchio, who built Qwest into the fourth-largest U.S. phone company before presiding over a $100 billion drop in its market value, never testified in the insider-trading trial. He went to prison for 4 1/2 years, was fined $19 million and agreed to forfeit $44.6 million.

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