Lawyers for former Qwest Communications CEO Joe Nacchio finally got their chance to appeal his conviction on insider trading. Nacchio was not present at the appeals court hearing in Denver, but his legal team requested that the three appellate judges overturn Nacchio's conviction on 19 counts of insider trading because the ruling didn't meet standards previously set by earlier court rulings and because the jury received insufficient instructions. They also previously argued that a key expert witness was not allowed to testify on Nacchio's behalf.
It's not clear how soon a decision may come from the appeals court, but the case reportedly is on an expedited schedule.
For more:
- check out this story in The Rocky Mountain News
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Nacchio's lawyers last week argued to have the civil suit against him tossed