Former Qwest CEO Joe Nacchio's appeal of his insider trading conviction is getting some outside help, as two legal groups filed amicus briefs saying the U.S. District Court trial that resulted in his conviction was unfair. Those groups say an important expert witness for the defense was barred from testifying, while similar witnesses for the prosecution were allowed to testify.
Is the tide turning in Nacchio's favor? These filings, combined with Nacchio's allegation that Qwest was turned down for lucrative government contracts after the company declined to participate in domestic spying, seem to have altered the atmosphere around this case. We'll find out how much when the appeal is heard Dec. 18.
- See this story in The Denver Post
- Nacchio filed appeal documents just last week