Nacchio seeks venue change for civil trial
Business – Brief
July 23, 2010
Former Qwest chief executive Joe Nacchio is asking if a trial on
a civil complaint filed by the Securities and Exchange
Commission can be held in
The SEC complaint alleges Nacchio and other former Qwest executives misled investors. Nacchio's lawyers said in documents filed in federal court Thursday that he can't get a fair trial in Qwest's hometown, where he was convicted of criminal insider-trading charges.
The SEC notes that in June, the U.S. Supreme Court rejected a
claim by former Enron CEO Jeff Skilling that he didn't get a
fair trial in Enron's hometown of
Nacchio's lawyers responded that unlike Skilling's case, media coverage of Nacchio has increased over time.