Another prosecutor from Nacchio trial going private
By Andy Vuong
Tuesday, April 8, 2008
Another member of the team that secured last year's
insider-trading conviction — since overturned — against former
Qwest chief executive Joe Nacchio is going private.
Colleen Conry, who gave the closing argument for the
prosecution, is joining Ropes & Gray's government enforcement
group in Washington, D.C.
The government's lead prosecutor in the case, Cliff Stricklin,
has joined Holland & Hart's
office. The other members of the trial team — James
Hearty, Kevin Traskos and Leo Wise — are still with the Justice
Last month, a federal appellate panel overturned Nacchio's April
2007 conviction, ruling that the trial judge erred by excluding
expert testimony from a defense witness. The government
has until the end of April to appeal the panel's ruling and ask
the entire 10th U.S. Circuit Court of Appeals to review the
Conry, who spent 12 years with the Justice Department, coined
one of the more memorable phrases during closing.
"If you don't tell, you can't sell. It's that simple,"
Conry told jurors.
The government alleged Nacchio hid warnings about Qwest's
deteriorating financial condition while accelerating his stock
sales in early 2001.