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UPDATE 1-Ex-Qwest CEO Nacchio wins $14 mln verdict vs Goldman unit -lawyer
2016-01-08 02:57:05| Telecom - Topix.net
Joseph Nacchio, the former Qwest Communications International chief executive, on Thursday won a $14.2 million jury verdict against a Goldman Sachs Group Inc unit and financial adviser over the sale of life insurance policies, his law firm said. Nacchio and his wife accused Goldman's Ayco financial planning unit and their former adviser David Weinstein of breaching their fiduciary duties by failing to tell them that the $95 million of variable life insurance they bought in 2000 would likely lapse before they died.
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Category:Telecommunications