DENVER — A federal court on Friday scheduled oral arguments for Dec. 18 in former Qwest Communications CEO Joe Nacchio's appeal of his insider-trading conviction.
Nacchio was sentenced to six years in prison after he was convicted on 19 insider trading counts stemming from the sale of $52 million worth of stock.
The 10th U.S. Circuit Court of Appeals ruled last week that Nacchio could remain free on $2 million bond while it hears the appeal.
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Nacchio's attorneys have until Oct. 9 to file their appeal, and the government must respond by Nov. 9. Nacchio could also chose to file a response to that by Nov. 20.