Without providing details, a lawyer for former Qwest finance chief Robin Szeliga said that her deal with the Securities and Exchange Commission had collapsed.
In July, Szeliga pleaded guilty to one count of insider trading and admitted to selling 10,000 shares of Qwest stock in 2001, for a net profit of $125,000, based on nonpublic information. Her testimony was expected to be a key part of the government's case against former Qwest chief executive Joseph Naccio.
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