AUSWR
The Association of U S West Retirees
 

 

 

Nacchio seeks dismissal of SEC allegations
The Denver Post
Thursday, December 25, 2008

Former Qwest chief executive Joe Nacchio is asking a judge to dismiss Securities and Exchange Commission claims against him, or at least allow him to use classified information in his defense.

The SEC alleges that actions of Nacchio and other former Qwest executives allowed the Denver-based company to improperly report revenue.  The defendants say that classified information on Qwest's government contracts would help their defense but that the government is invoking state-secrets privileges, preventing them from using the information.

Nacchio's attorneys said in court documents filed Tuesday that government lawyers have asked a deposition witness about classified information, so Nacchio should have the same opportunity.

http://www.denverpost.com/business/ci_11305955