ends without verdict
By Tom McGhee & Andy Vuong, Staff Writers
Friday, April 13, 2007
A jury of eight men and four women deliberated for several hours
today without reaching a verdict in the insider trading case of
former Qwest chief executive Joe Nacchio.
The diverse group of jurors was excused shortly after 5 p.m. and
will resume deliberations Friday at 8:45 a.m.
During their first day, the jurors sent two sets of questions to
the judge. They asked for a master list of exhibits, which was
provided. The judge denied their request for a demonstrative
exhibit used by a prosecutor during closing arguments.
Jurors chose a United Airlines pilot as their foreperson.
The group also includes an engineer, administrative workers and
Nottingham said he expectes the jurors to deliberate tomorrow
threat of heavy snow. "I think you should come in tomorrow
ready to go," Nottingham said. "We'll deal with that
(snowstorm) when it happens."
The jurors began deliberating the fate of Nacchio, who is
charged with 42 counts of insider trading, earlier this
morning. Prior to beginning their deliberations, they spent an
hour listening to deliberation instructions read by U.S.
District Judge Edward Nottingham.
Nottingham told the jurors that they are the sole judges of the
evidence presented in the case.
"You resolve all conflicts in the testimony," Nottingham told
the 18-member jury, which includes six alternates.
Whatever decision the jury reaches, guilty or not guilty, it
must be unanimous or the court could declare a mistrial because
of a "hung" jury.
Nottingham again expressed his desire to have the jury
deliberate on Friday and said he (would) meet with the jurors to
make a decision.
Defense attorneys and prosecutors wrapped up closing arguments
Thursday after 14 days of testimony.
Nacchio served as the chief executive officer of Denver-based
Qwest from 1997 to 2002. During that time, he led the company
through tremendous growth but also allegedly oversaw a massive
accounting fraud that boosted Qwest's revenues by $3 billion
from 1999 to 2002. The company nearly collapsed into bankruptcy
toward the end of his tenure.