The Law Blog posts about an upcoming trial for a former Qwest CEO with the following sound bites by the prosecution and defense:
“The government has a flawed case because, among other things, the information Nacchio possessed didn’t need to be disclosed to investors and thus wasn’t material. The government counters that insiders can have material information they don’t have to disclose, but if they do, they may not trade on it.” Here is the link:
Law Blog. A Qwest For a Trial Date, a Motion to Dismiss, and a Settlement Rejection