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Nacchio asks to remain free pending court review
Securities |
2009/03/13 02:04
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| An attorney for former Qwest CEO Joe Nacchio is asking a federal district court to let Nacchio remain free while he challenges his insider-trading conviction. Maureen Mahoney says in an emergency motion filed Wednesday in Denver federal court that Nacchio isn't dangerous and won't flee. Mahoney says she's moving swiftly to seek a Supreme Court review of his case and that the appeal will raise a significant question for the high court to review. Nacchio was convicted in 2007 on 19 counts of insider trading and sentenced to six years in prison. A three-judge panel of the 10th U.S. Circuit Court of Appeals reversed the conviction, but the full appeals court later reinstated it. A judge has since ordered him to report to prison by noon March 23. |
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