Qwest's Nacchio Saved By Appeals Court, "Guilty" Verdicts Tossed

One of the designated villains of the 2001 tech crash, former Qwest CEO Joseph Nacchio (Q), has been saved by an appeals court, which threw out all 19 insider trading guilty verdicts against him, Reuters reports. The appeals court said the Nacchio judge improperly blocked a witness who could have provided exculpatory testimony and ordered a new trial.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In