Supreme Court Rejects Cert for Joe Nacchio
The Supreme Court today rejected without comment former Qwest CEO Joe Nacchio's cert petition seeking review of his insider trading conviction.
Nacchio has been in prison since April, serving a six year sentence. The 10th Circuit, while rejecting his arguments about the exclusion of his expert witness, did rule the trial court miscalculated the amount of loss resulting from his stock sales by using the wrong standard and he should be resentenced. (Opinion here.)That hasn't happened yet.
He also has a motion for a new trial pending in the trial court.
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