Jailed Qwest Ex-CEO Gives Up Appeal In 10th Circ.

Law360, New York (February 15, 2011, 12:47 PM EST) -- Former Qwest Communications International Inc. CEO Joseph P. Nacchio has abandoned his appeal of a five-year prison sentence he received for illegally selling $45 million of his own company’s stock.

The U.S. Court of Appeals for the Tenth Circuit on Monday granted Nacchio's request to withdraw his appeal of the sentence, which he began serving in April 2009.

In a brief statement to the court filed Friday, Nacchio said he understood he had the right to appeal his case to the court, but that he was...
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