Redacted Nacchio transcripts to be unsealed
By Andy Vuong, Staff Writer
Wednesday, Sept 19, 2007
The government will submit redacted transcripts of closed-door
hearings in former Qwest chief executive Joe Nacchio's insider
trading case to a federal court by Oct. 3, according to court
The filing came in response to a request by The Denver Post to
unseal transcripts of hearings, which were held to discuss
classified information related to an aspect of Nacchio's
"The agencies responsible for the classified information at
issue in the proceedings ... are reviewing the transcripts,"
federal prosecutor Cliff Stricklin wrote in the filing.
After redacting portions of the transcripts that they deem
classified, the agencies will provide copies to the court by
Oct. 3. U.S. District Judge Edward Nottingham hasn't indicated
when he will make the transcripts available to the public.
Nacchio, convicted of illegal insider trading in April, said in
a filing today that he does not oppose or support the motion to
unseal the transcripts.
Nacchio "takes no position with regard to the request ... to
make publicly available transcripts of the (closed-door)
hearings that were conducted in this matter, with classified
information redacted," defense attorney Herb Stern wrote in the
Nacchio contended in court filings that he was upbeat about
Qwest because he had classified information that led him to
believe the company would receive lucrative government
Prosecutors alleged that he sold $100 million in Qwest stock in
early 2001 while he had inside information that the company was
headed for the falls. Nacchio served as Qwest's CEO from 1997 to
Much of the classified defense went unheard during the trial,
and Nacchio's attorneys have contended that their hands were
tied because of rulings Nottingham made in regard to what
information could be presented.
Nacchio was sentenced to six years in prison in July but is free
on $2 million bail pending his appeal. Oral arguments in the
appeal are set for mid-December.
Staff writer Andy Vuong can be reached at 303-954-1209 or