Qwest Communications International Inc (Q)

[NovoMira]

UPDATE 1-Ex-Qwest CEO Nacchio asks again for jail term delay

Tue Mar 10, 2009 9:09pm EDT

* Ex-Qwest CEO requests postponement of prison term

* Lawyer says he has undisclosed health issues (Adds decision on earlier appeal for a delay)

DENVER, Colo., March 10 (Reuters) -- Former Qwest Communications International Inc (Q.N:) Chief Executive Joseph Nacchio asked on Tuesday that he be allowed to report to prison later than his March 23 deadline, saying he had "confidential" health issues.

The convicted insider trader's request came four days after another of Nacchio's lawyers asked the 10th U.S. Circuit Court of Appeals to let him remain free until a petition can be submitted to the U.S. Supreme Court for a review of his conviction. [ID:nN061201]

But on Tuesday, the appeals court denied the request, although it said in its decision that Nacchio could resubmit it after first taking it to the U.S. District Court for Colorado.

Nacchio was convicted in 2007, in what was touted a major victory for government regulators, of selling $52 million in Qwest stock after company insiders warned him the regional telephone carrier would not meet public revenue goals.

Last week, the former executive was ordered to report to a minimum security prison March 23 to begin serving a six-year sentence.

Tuesday's motion to the U.S. District Court in Denver included sealed "confidential information regarding defendant's health." Nacchio's attorney did not respond to a request for information about the health issue.