Nacchio transcripts may be made public
By Andy Vuong, Staff Writer
Thursday, September 20, 2007
The government will submit redacted transcripts of closed-door
hearings in former Qwest chief executive Joe Nacchio's
insider-trading case to a federal court by Oct. 3, according to
a court filing Wednesday.
The filing came in response to a request by The Denver Post to
unseal transcripts of seven closed-door hearings, which were
held to discuss classified information related to an aspect of
"The agencies responsible for the classified information at
issue in the proceedings ... are reviewing the transcripts,"
federal prosecutor Cliff Stricklin wrote in the filing.
After redacting portions of the transcripts they deem
classified, the agencies will provide copies to the court by
Oct. 3. U.S. District Judge Edward Nottingham hasn't indicated
when he will make the transcripts available to the public.
Nacchio, convicted of illegal insider trading in April, said in
a filing Wednesday that he "takes no position with regard to the
request ... to make publicly available transcripts of the
(closed-door) hearings that were conducted in this matter, with
classified information redacted."
Nacchio contended in court filings leading up to the trial that
he was upbeat about Qwest because he had classified information
that led him to believe the company would receive lucrative
government contracts. Before his ouster from Qwest in June
2002, Nacchio served on two federal advisory panels dealing with
national-security issues: the Network Reliability and
Interoperability Council and the National Security
Telecommunications Advisory Committee.
Prosecutors alleged he sold $100.8 million in Qwest stock in
early 2001 while he had inside information that the company was
headed for trouble.
Much of the national-security defense went unheard during the
trial, and Nacchio's attorneys have contended that their hands
were tied because of rulings Nottingham made in regard to what
information could be presented. Nacchio's appellate attorney,
Maureen Mahoney, has hinted that she may raise that issue during
Nacchio was sentenced to six years in prison in July but is free
on $2 million bail pending his appeal. Oral arguments in the
appeal are set for mid- December.
Staff writer Andy Vuong can be reached at 303-954-1209 or
email@example.com. Read his blog at