Getting your player ready...
Former Qwest chief executive Joe Nacchio is requesting an oral hearing before a federal appeals court as he continues challenging his sentence on insider-trading convictions.
Nacchio was sentenced in 2007 to spend six years in prison, pay a $19 million fine and forfeit $52 million. However, the 10th U.S. Circuit Court of Appeals ruled the sentence was improperly calculated, and a judge who resentenced him last month shaved two months from the prison term and $7.4 million from the forfeiture amount.
In a document filed Tuesday in Denver, lawyers said Nacchio intends to challenge how his sentence was calculated and the fine amount.
