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Criminal Law
: Sentencing Law and Policy"Nacchio may receive lighter prison term"
By Douglas A. Berman
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The title of this post is the headline of this new report from the Denver Post, which reflects a sentencing hearing going on this week in federal court in a high-profile white-collar resentencing. Here are some of the details (which the average lawyer might need the help of a calculator to process fully):
Former Qwest chief executive Joe Nacchio would receive a lighter prison term based on one methodology sought by the federal judge handling his re-sentencing.
Serving six years for criminal insider trading, Nacchio was granted a new sentence last summer after a federal appeals court panel ruled that the trial judge miscalculated how much of his gains were a result of the nonpublic information on which his illegal stock sales were based. The gain amount is a key sentencing factor...continue to full postFull post as published by Sentencing Law and Policy on June 23, 2010 (boomark / email).
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