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Inside-Trader Nacchio's Bittersweet Victory Over Goldman
2016-01-11 17:33:01| IT Services - Topix.net
For Joseph Nacchio, the former Qwest chief who went to jail for insider trading in the aftermath of the Enron bust, justice in civil court was swift and bittersweet. Nacchio won a $14.2 million insurance case verdict late last week against a Goldman Sachs Group Inc. unit, Ayco, and a financial adviser, David Weinstein, who helped convict him in 2007 of using confidential information to trade Qwest shares.
Tags: victory
goldman
bittersweet
nacchios
Inside-Trader Nacchio's Bittersweet Victory Over Goldman
2016-01-11 17:26:47| Telecom - Topix.net
For Joseph Nacchio, the former Qwest chief who went to jail for insider trading in the aftermath of the Enron bust, justice in civil court was swift and bittersweet. Nacchio won a $14.2 million insurance case verdict late last week against a Goldman Sachs Group Inc. unit, Ayco, and a financial adviser, David Weinstein, who helped convict him in 2007 of using confidential information to trade Qwest shares.
Tags: victory
goldman
bittersweet
nacchios
This amazing Goldman Sachs chart shows how tech companies have come to dominate the world
2016-01-10 16:58:16| Chemicals - Topix.net
One of the more eye-catching graphics is of the top 20 companies by size, charted for the past 10 years. It shows how 2015 marked the first time the top three largest companies in the world were all technology firms.
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.
Ex-Qwest CEO Nacchio wins $14 mln verdict vs Goldman unit, law firm says
2016-01-08 01:07:47| IT Services - Topix.net
Joseph Nacchio, the former Qwest Communications International [CTLQW.UL] chief executive, has 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 on Thursday. Nacchio and his wife said Goldman's Ayco financial planning unit and their former adviser David Weinstein breached their fiduciary duties by failing to tell them that the $95 million of variable life insurance they bought in 2000 would likely lapse before their life expectancies, the law firm Nagel Rice said.
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