Joe Nacchio Wrongly Profited From IPOs. New York’s attorney general filed a lawsuit Monday alleging that top executives at four companies, including Qwest, accepted stock in newly public companies in exchange for directing business to Salomon Smith Barney. Eliot Spitzer, who has investigated conflicts of interest at … [Read more...] about N.Y. Suit Says Nacchio, Others Wrongly Profited From IPOs
Anschutz, Nacchio Are Being Sued. The New York attorney general sued five former and current top telecommunications executives today for allegedly taking millions in profits from initial public offerings of stock without disclosing potential conflicts of interest. Attorney General Eliot Spitzer alleges that Qwest Communications … [Read more...] about Anschutz, Nacchio Sued By N.Y.
Nacchio On Qwest Deals. A congressional committee will question former Qwest chief executive Joe Nacchio as part of its investigation into alleged fraudulent deals between the company and bankrupt Global Crossing. Nacchio’s attorney, Charles Stillman, confirmed late Thursday that Nacchio has agreed to meet with the House Energy … [Read more...] about House To Query Nacchio On Qwest Deals