Interesting update on my Joe Nacchio post of yesterday. Forbes reports today that a federal judge closed part of a hearing in the insider trading case, saying information from the government's business dealings with the phone company should remain top secret to protect national security. The U.S. District Judge Edward Nottingham did not rule on a defense request to move Nacchio's trial to preserve his fair-trial rights, but he broached the possibility of holding it in another Colorado city or drawing jurors from a broader geographic area. Joe probably had a big sigh of relief on that as there are a lot of ex-USWest and Qwest Denver employees who would love to sit in judgment. The closed portion of the hearing centered on documents involving Qwest's business contracts with the government, which the defense has said gave Joe hope for the company's future. The judge also had a warning for prosecutors. Chastising Assistant U.S. Attorney Cliff Stricklin, who was appointed to the case this week. In a Thursday story in the Rocky Mountain News, Stricklin said the case was important because insider trading "affects the integrity of our stock market and, more importantly, really attacks our sense of fair play." Yeah, right Cliff baby. So why not get Phill “I only took a lousy $1.5 billion out” Anschutz, up in the dock? Finally, as a Qwest telephone subscriber, I thank Joe for safeguarding my privacy. Particularly as the odds Osama is calling anyone in Boise are pretty slim!
Boise!!!!!!!!!
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