March 17, 2008

STATEMENT BY THE U.S. ATTORNEY TROY EID
REGARDING 10TH CIRCUIT’S DECISION IN US v JOSEPH NACCHIO

“This is a setback, not a defeat,” said U.S. Attorney Troy Eid. “The good news is the Circuit Court said our trial team presented sufficient evidence to convict Mr. Nacchio of insider-trading.

“A divided Court ruled that a lone expert witness for the defendant should have testified. This amounts to a legal technicality that can be addressed by retrial.

“We’ve lived with the Nacchio case for six years now, and are fully prepared to wait a little longer so that justice is served.”

Troy Eid
United States Attorney, District of Colorado

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