Appeal asserts Nacchio's innocence

The attorney for former Qwest chief Joe Nacchio filed a 58-page brief appealing Nacchio's conviction and prison term for insider trading. In seeking to have the conviction overturned, the brief claims Nacchio's "indictment, trial and conviction... took place in an atmosphere of pre-judgment and vitriol."

Defense attorney Maureen Mahoney also claimed that evidence presented during the trial was insufficient to prove that Nacchio knew of and used information about his company's declining performance without notifying shareholders.

Mahoney claims there was no hard evidence of wrongdoing; only the testimony of other Qwest employees. Oral arguments in the appeal are set for Dec. 18. Nacchio remains free while his case is being appealed.

For more:
- Read this story in The Denver Post

Suggested Articles

Segra, one of the largest fiber infrastructure companies in the Eastern U.S., has bought NorthState for an undisclosed sum.

IBM CEO Arvind Krishna is looking to right the ship and return Big Blue to profitability by reducing the workforce.

HPE is picking up the pieces from a rocky Q2 due to supply chain issues related to the coronavirus pandemic.