Nacchio Sentence Reduced By 2 Months, $7.4M

Law360, New York (June 24, 2010, 8:03 PM EDT) -- A federal judge on Thursday shaved two months off former Qwest Communications International Inc. CEO Joseph Nacchio's initial 72-month prison sentence for insider trading and reduced the amount of money he must forfeit by some $7.4 million to $44.6 million.

In addition Nacchio will not have to report to a probation officer when he completes his now 70-month sentence, Judge Marcia S. Krieger ruled in the U.S. District Court for the District of Colorado.

However, the judge did leave intact a $19 million fine imposed on...
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