Judge Denies Nacchio's Bid To Remain On Bail

Law360, New York (March 12, 2009, 12:00 AM EDT) -- A federal judge has rejected a plea by former Qwest Communications International Inc. chief Joseph Nacchio to remain free until the outcome of an appeal of his insider trading conviction to the U.S. Supreme Court — an appeal Nacchio has yet to file.

Judge Marcia S. Kreiger of the U.S. District Court for the District of Colorado denied Nacchio's emergency motion for continued release in an order Thursday, saying Nacchio's bid was premature because he had yet to petition the high court to review his conviction....
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