Nacchio conviction upheld, prison awaits

A nine-member appeals court judge panel narrowly voted to reinstate the almost two-year-old insider trading conviction of Qwest Communications CEO Joe Nacchio. They also revoked Nacchio's $2 million bail bond, so he probably will go to prison, having already been sentenced to six years.

A three-judge panel last year granted Nacchio's bid for a new trial, and his legal team tried to make the case that a key expert witness' testimony was not allowed in the original trial. It is not clear what their next move is, but Nacchio's lead attorney issued a statement saying she hoped the U.S. Supreme Court would review the case.

For more:
- The Wall Street Journal Law Blog has this post

Related articles
The appeals court panel began their review last September
Last March, a three-judge panel gave Nacchio a do-over

Suggested Articles

“We’ve seen decades of momentum in weeks," said Gelsinger. "We’re surprised how quickly customers were able to adapt."

Along the same lines as AT&T last week, Comcast Business has released a more robust, in-home broadband service for work from home employees.

After posting a triple-digit revenue increase last year, the growth outlook for carrier managed SD-WAN has been lowered by 17%, according to a report.