Joe Nacchio Sues Ex-Attorneys For Negligence

Former Qwest CEO Convicted Of Insider Trading

Former Qwest Communications CEO Joseph Nacchio is suing the lawyers who represented him in his insider trading case, claiming they were negligent and "grossly overbilled" him.

Attorney Bruce Nagel filed the malpractice lawsuit for 61-year-old Nacchio in state Superior Court in Newark on Wednesday.

It claims Herbert Stern and the Roseland-based law firm of Stern & Kilcullen billed Nacchio more than $25 million, including tens of thousands of dollars for staff breakfasts, underwear for lawyers and in-room movies.

A message left for Stern at his office was not immediately returned.

Nacchio is serving a 70-month prison sentence after being convicted in 2007 for illegally selling $52 million of stock in Denver-based Qwest based on inside information.

During the initial trial, Qwest was paying all his legal fees as part of his severance contract. It's not clear how much the company has paid to date for Nacchio's defense.

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