NEWARK, N.J.—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.
Bruce Nagel, the 61-yeqar-old’s new attorney, filed the malpractice lawsuit in U.S. District Court in Newark 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.
