Pursuits
Ex-Qwest Chief Nacchio Says Lawyers Billed Him for Underwear
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Joseph Nacchio, the former Qwest Communications International Inc. chief executive officer convicted of insider trading, sued his defense lawyers, claiming they were negligent and “grossly overbilled him” for costs including underwear.
Nacchio, 61, is serving a 70-month prison sentence after his conviction in 2007 for illegally selling $52 million of stock in Denver-based Qwest in 2001 based on inside information. Nacchio claimed in a lawsuit filed today that he was convicted “as a result of” professional negligence by attorney Herbert Stern and his law firm, Stern & Kilcullen LLC in Roseland, New Jersey.