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Summer Security Clearance Blues

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Joseph Nacchio will have to wait until August before his lawyers get to argue their motion to dismiss the case that could land the former Qwest Communications CEO in jail for 420 years. Nacchio is facing charges arising from a $101 million stock sale which prosecutors say was made with inside knowledge the company was failing. The judge overseeing the case ordered the delay on Friday, saying the FBI works very slowly when so many agents take summer vacations he needed extra time for court staffers to get the security clearances required to allow them to review classified material introduced by Nacchio’s lawyers.

Hearing Postponed in Case Against Former Qwest CEO
[Wall Street Journal]