Appeals court reviews ruling on former Qwest CEO
Court Alerts
The insider trading conviction of former Qwest Chief Executive Joe Nacchio is going back to court.
The full 10th U.S. Circuit Court of Appeals will hear arguments Thursday as judges review a decision overturning Joe Nacchio's April 2007 conviction.
Prosecutors argued he sold $52 million worth of stock when he knew Denver-based Qwest Communications International Inc. was at risk while other investors did not.
In March, a three-judge panel of the appeals court ruled that the trial judge improperly barred testimony from a defense witness. Prosecutors sought a review by the full appeals court, which granted the request.
Still pending is a civil lawsuit the Securities and Exchange Commission filed against former Qwest executives, including Nacchio.
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