The Association of U S West Retirees



Judge rebuffs Nacchio in request for records
Denver Post
Wednesday, November 15, 2006

DENVER - Former Qwest chief executive Joe Nacchio on Monday lost his latest bid to force the government to turn over grand jury records to support his allegation of prosecutorial misconduct or for his records in case of appeal.

Judge Edward Nottingham previously rejected Nacchio's request that the 42 counts of illegal insider trading be dismissed because federal prosecutors improperly influenced a grand jury before it decided in December to indict him.

Nottingham disagreed with arguments by Nacchio's attorneys that jury instructions were flawed. Nacchio is charged with selling $101 million of Qwest stock in the first five months of 2001 based on information about the company's finances that had not been made public. Nacchio has pleaded not guilty, and his trial is scheduled to start in March.