Former Qwest CEO Joe Nacchio received two bits of good news on Thursday. A federal judge said he doesn't have to report to prison on Monday because his case is being appealed and doctors say he doesn't have skin cancer.
Nacchio was granted a stay in the start of his six year prison term because his lawyers plan to ask the Supreme Court to review his insider trading case. The judge is reconsidering Nacchio's request to remain out on bail during the appeal and it is not known when she would rule; earlier requests to remain free on bail had been denied because his lawyers hadn't formally filed the Supreme Court appeal.
Lawyers for Nacchio also informed the judge that he didn't have cancer. Biopsy results showed that a growth on his leg was benign. The judge said prison staff should be able to handle any necessary follow-up procedures.
For more:
- Seattle Times with the latest on Nacchio's status. Article
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