DENVER (AP) -- Former Qwest Communications International Inc. CEO Joseph Nacchio plans to appeal his new sentence for insider
trading.
Lawyers didn't outline their arguments in a notice of appeal filed Wednesday in federal court in Denver.
But during a re-sentencing hearing in June, Nacchio's attorney objected to a fine larger than $12 million and made other objections.
Nacchio was sentenced in 2007 to six years in prison and was ordered to forfeit $52 million and pay a $19 million fine, but the
10th U.S. Circuit Court of Appeals ruled the trial judge miscalculated Nacchio's gains from insider trading.
In June, a different judge shaved two months and $7.4 million from that sentence.
Nacchio has served 14 months in prison so far.
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