Wednesday, October 10, 2007
Joseph Nacchio, former Qwest CEO, filed his appeal brief before the 10th Circuit, seeking to overturn his conviction on insider-trading charges. The brief argues that Nacchio did not know at the time he sold his stock that the company's projections of future earnings were wrong. It also argues that Nacchio was not permitted to introduce classified evidence as part of his defense that he knew the company had entered lucrative defense contracts. WSJ, Nacchio Appeal Argues Qwest Woes Unforeseeable.