AUSWR
The Association of U S West Retirees
 

 

 

Another prosecutor from Nacchio trial going private
By Andy Vuong

Denver Post
Tuesday, April 8, 2008

Another member of the team that secured last year's insider-trading conviction since overturned against former Qwest chief executive Joe Nacchio is going private.

Colleen Conry, who gave the closing argument for the prosecution, is joining Ropes & Gray's government enforcement group in Washington, D.C.

The government's lead prosecutor in the case, Cliff Stricklin, has joined Holland & Hart's Denver office.  The other members of the trial team James Hearty, Kevin Traskos and Leo Wise are still with the Justice Department.

Last month, a federal appellate panel overturned Nacchio's April 2007 conviction, ruling that the trial judge erred by excluding expert testimony from a defense witness.  The government has until the end of April to appeal the panel's ruling and ask the entire 10th U.S. Circuit Court of Appeals to review the case.

Conry, who spent 12 years with the Justice Department, coined one of the more memorable phrases during closing.

"If you don't tell, you can't sell.  It's that simple," Conry told jurors.

The government alleged Nacchio hid warnings about Qwest's deteriorating financial condition while accelerating his stock sales in early 2001.

http://www.denverpost.com/business/ci_8844555