(Reuters) - Nacchio, 57, was acquitted of 23 of the 42 insider trading charges. Federal prosecutors had accused him of selling $101 million of Qwest shares after company insiders warned him that the phone carrier could not meet its financial forecasts.
The 19 guilty charges corresponded to stock sales worth more than $50 million in April and May of 2001.
Read more at Reuters.com Business News
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