TELECOM Digest OnLine - Sorted: Nacchio Attorneys File for New Trial

Nacchio Attorneys File for New Trial

Retuers News Wire (
Tue, 05 Jun 2007 13:55:36 -0500

Attorneys for former Qwest Communications International Inc. CEO Joe
Nacchio filed motions Monday for an acquittal, a new trial and a change
of venue in his insider trading case.

His attorneys said the jury that convicted him on 19 of 42 counts in
April was exposed to public attacks on Nacchio. A judge has denied a
request for acquittal twice before.

Another court filing Monday indicated that Nacchio has agreed to put $52
million in escrow for possible forfeiture.

Nacchio will be sentenced July 27 and faces up to 10 years in prison
and a $1 million fine for each guilty count. He also might be asked to
pay back the $52 million he was said to have grossed as a result of
the insider trading.

Qwest Communications International Inc.

Copyright 2007 Reuters, Inc.

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