|  | | 2007 News and Press Releases | | |
HEADLINE NEWS:
Ex-Qwest CEO Seeks Legal Fees
Sandy Shore - The Associated Press
Law.com. May 29, 2007
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EXCERPT: Former Qwest Communications chief executive Joe Nacchio, convicted last month of insider trading, has asked a judge to guarantee the telecommunications company will continue to pay his legal fees. In a complaint filed Friday in a Delaware court, Nacchio's attorneys said Qwest Communications International Inc. has hired an outside lawyer to determine what Qwest's obligations are for paying Nacchio's legal expenses. "The company has impermissibly cut off and declined to reaffirm plaintiff's (Nacchio's) right to mandatory advancements for covered proceedings," attorney Kevin Abrams wrote in the complaint. Abrams asked the court to require Qwest to continue paying all of Nacchio's legal expenses. Qwest spokesman Nick Sweers said Friday the company believes the complaint is without merit. "We will defend ourselves vigorously," he said. … The complaint detailing the fee dispute was filed in the Chancery Court in Delaware, where Qwest is incorporated, although its headquarters is in Denver. |
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