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You make the sentencing call: resentencing of Qwest's Nacchio on tap for this week

By Douglas A. Berman

As detailed in this Denver Post article, which is headlined "Former Qwest CEO Nacchio awaits resentencing," a high-profile white-collar defendant is scheduled to be resentenced later this week. Here are all the details: Former Qwest chief executive Joe Nacchio, 14 months into a six-year prison term for criminal insider trading, will receive a new sentence Thursday. What that sentence will be is anybody's guess. Nacchio attorney Sean Berkowitz contends it should be less than three years and five months. The government argues federal guidelines allow for a sentence of as long as 12 years and seven months. U.S. District Judge Marcia Krieger has set aside three days, Tuesday through Thursday, to resolve the matter. A federal appeals panel last summer granted Nacchio a new sentence, ruling that trial judge Edward Nottingham miscalculated how much Nacchio gained from illegally selling Qwest stock based on nonpublic information that the company was faltering financially...continue to full post

Full post as published by Sentencing Law and Policy on June 21, 2010 (boomark / email).