Royal KPN NV reached a tentative settlement to end litigation claiming a joint venture between the Dutch phone company and Qwest Communications International Inc. that went bankrupt in 2002 was mismanaged.
Ex-Qwest Communications International Inc. chief Joseph Nacchio shouldn’t be allowed an income tax deduction for the $44.6 million he forfeited after his conviction for insider trading because it would undercut his punishment, a government lawyer said.
The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.
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.
Joseph Nacchio, the former Qwest Communications International Inc. chairman convicted of insider trading, sued the U.S. seeking a refund of almost $18 million in taxes he paid on gains from illegal stock sales.