Friday, September 26, 2008

Federal court forms

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DENVER -
Judges reviewing the insider trading conviction of former Qwest CEO Joe Nacchio focused Thursday on expert witnesses at Nacchio's 2007 trial.
The 10th U.S. Circuit Court of Appeals concentrated on whether Nacchio's attorneys should've tried harder to have testimony by one of their expert witnesses admitted at trial. The nine-judge panel did not immediately issue a ruling.
Nacchio was convicted last year of insider trading for selling $52 million worth of stock when prosecutors argue he knew Denver-based Qwest Communications International Inc. (nyse: Q - news - people ) was at risk while other investors did not.
In March, a three-judge panel of the appeals court ruled that the trial judge improperly barred testimony from a defense witness




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