Search for: "Qwest Communications"
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21 May, 2008 12:58 am
Richard Baer and his legal team did more than rescue a badly managed company from the brink of bankruptcy. As Qwest Communications International's troubles played out in the headlines, Baer and his colleagues transformed the legal department against the backdrop of
investigators scouring Qwest's records, looking for the kind of accounting fraud that destroyed Enron and triggered an outcry for corporate
reform. That's why Corporate ...
27 Dec, 2007 6:47 am
Trading Markets reported today, December 27, 2007: Thursday morning, Denver, Colorado-based telecommunications company Qwest Communications International Inc. said it has settled the patent litigation with Ronald A. Katz Technology Licensing for an undisclosed amount. Under the
settlement plan, Quest would also obtain nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to ...
21 Mar, 2007 8:23 am
... insisted that Nacchio dumped $101 million worth of stock in the first five months of 2001 because he knew that Qwest Communications International Inc. could be in financial trouble. ''This is a case about cheating,'' Hearty said in his one-hour opening ... and its
near-collapse left thousands of pensioners in financial trouble. Stern countered that documents used by prosecutors to depict Qwest's public
growth targets were in fact about budgets set internally that were designed as goals to energize ...
29 Mar, 2007 10:44 am
... who disagreed about public disclosure for the first quarter but agreed with him in the second quarter. The first time Qwest publicly
acknowledged information about the IRUs was in August 2001, about a month before it lowered its full-year financial targets. Schumacher ... 40,000 fine, but he is still permitted to
work at public companies. Nacchio, who resigned under pressure from Qwest Communications
International Inc. in 2002, is accused of 42 counts of insider trading. Each count carries a penalty ...
10 Jun, 2008 12:14 pm
... " Tenth Circuit Holds Plaintiffs filed a putative class action against Qwest Wireless, LLC, Qwest
Services Corporation, and Qwest Communications International, Inc. (Qwest) alleging that defendants "acted as an unlicensed seller of insurance in ... ." The central issue, then, was "whether a violation of the Arizona
insurance-licensing statute by itself is sufficient to establish that Qwest's retention of the sales commission is unjust." Van Zanen, at 1130.
Because the Colorado Supreme Court had not ...
19 Mar, 2007 8:57 am
... government agencies and mysterious money pledges. Nacchio's defense is built around the argument that Nacchio expected Qwest
Communications International Inc. to win lucrative contracts from clandestine government agencies _ contracts Nacchio has said ... U.S.
District Judge Edward Nottingham already has made certain that none of the jurors will be current or former employees of Qwest or people who
have close friends or relatives associated with the company. Nacchio's indictment stems from a years- ...
24 Jul 3:00 am
I recently traveled to Omaha and noticed the following billboard: For those not familiar with these companies, Qwest Communications is a telecommunications company that services many western states. Cox Communications is another
relatively large telecommunications ... 's value derives from the three most important things in business: location, location, location. You see, Omaha is home to the Qwest Center, which is a convention center and arena. Upon exiting this door of the Qwest Center, patrons ...
18 Mar, 2007 1:14 pm
... tomorrow. It's United States v. Joseph Nacchio. Nacchio is the former CEO of Qwest communications. He's charged with 42 counts of insider trading resulting from his ... against Nacchio are pending. Also, there was a first round of criminal
trials involving Qwest officals a few years ago and it was a disaster for the Government. They lost the jury ... Salazar got elected to to the
U.S. Senate, and who had prosecuted the first Qwest case, resigned. So, although Stricklin is from Texas, he now lives here ...
20 Apr, 2007 8:25 am
Just in time for the end of my insider trading lecture, Joseph Nacchio, former CEO of Qwest Communications, was convicted of 19 counts of insider trading yesterday relating to his sale of $52 million worth of Qwest stock. ... to meet future targets. Moreover, the prosecution maintained that Nacchio sold his shares while seeking to convince the public that
Qwest was doing well. To this end, the jury was shown public statements by Nacchio where he gave upbeat forecasts regarding Qwest, even when other ...
12 Apr, 2007 8:17 am
Jurors began deliberations yesterday in the criminal trial of Joseph Nacchio, the former chief executive of Qwest Communications. Here's the story from the WSJ. Before he sent them to the jury room shortly after 10 a.m., Judge Edward Nottingham instructed the jurors that
they must decide whether Nacchio "knowingly and willfully" sold stock in Qwest "while he was aware of and on the basis of material, nonpublic
information." Prosecutors argue he tried to pump up Qwest's stock for his ...
6 Sep, 2007 7:49 pm
Denver District Court Judge Sheila Rappaport sent a strong message to Qwest Communications in the
Personal Injury Case of Andrew Blood, when she increased the punitive damages to $81 million from an original amount of $39 ... . According to the Business Journal reports, Judge
Rappaport, awarded the maximum increase allowed by law on the grounds that Denver-based Qwest continues "to fail to inspect, maintain and
repair" its telephone poles despite having lost a previous jury trial involving Andrew ...
20 Apr, 2007 7:34 am
Joseph Nacchio, the former CEO of Qwest Communications International was found guilty of 19 counts of
insider trading. He was acquitted on the other 23 counts charged.The crux of the Nacchio case was whether or not he knowingly and willfully ... heard evidence, however, that on an April
2001 investor call, Nacchio withheld certain information that would have shown Qwest was in danger of not reaching earnings targets. A few days
later, Nacchio was selling his stock. Also presented at the trial was ...
16 Oct, 2008 6:43 pm
... -termination fee? If so, you might pay attention to a lawsuit filed earlier today in Seattle federal court. Two former customers of Qwest
Communications have filed a putative class-action lawsuit against Qwest, seeking to end
early-termination fees for Internet subscribers. Click here for the WSJ story, from Andrew LaVallee; here for the complaint. Qwest declined to
comment on the suit. In recent months, customers have fought similar charges for early termination of cellphone contracts ...
22 Aug, 2007 5:15 am
A week or so ago, Qwest Communications announced that it has appointed the successor to Dick
Notebaert, the CEO who replaced Joe Nacchio. At the time Notebaert took over, Qwest was on the verge of bankruptcy. Whatever uncertain future a
telecom ... the chairperson. This compares with 19 companies that specifically provide that the two offices should not be separated. And Qwest?
It's practices are consistent with the Sherman & Sterling data. The company has a history of independent boards but not ...
16 Jan, 2008 7:44 pm
"Appeals court wants more info on Qwest settlement": Reuters provides a report that begins, "A U.S. district judge must explain why he approved
a $400 million payout by Qwest Communications International Inc to settle a class-action lawsuit
filed by shareholders, a federal appeals court ruled on ... You can access today's ruling of a divided three-judge panel of the U.S. Court of Appeals for the Tenth Circuit, in an appeal
filed by former Qwest CEO Joseph Nacchio and former Qwest CFO Robert ...
17 Jan, 2008 7:17 am
... judge to provide a 'more extensive explanation' for his decision to approve a $400 million shareholder class-action settlement involving Qwest Communications. The panel is specifically ordering federal Judge Robert Blackburn to explain why he decided it
was fair to exclude former Qwest CEO Joe Nacchio and former CFO Robert Woodruff from the settlement." My earlier coverage of yesterday's Tenth
Circuit ruling appears at ...
27 Jul, 2007 9:50 am
"Former Qwest Boss Ordered to Pay $52M": The Associated Press provides a report that begins, "A federal judge ordered former Qwest Communications chief executive Joe Nacchio, convicted of insider trading, to forfeit $52 million in assets he
gained in illegal ... start of a sentencing hearing for Nacchio, convicted in April of making $52 million in stock sales at a time when he knew Qwest faced financial risk but didn't tell investors." On Monday, The Denver Post contained an article headlined "New ...
16 Mar, 2007 5:46 am
Though many will be rooting for his conviction, Joseph Nacchio, the former chief executive of Qwest Communications, may escape from his trial on 42 insider-trading charges unscathed, according to lawyers watching the case. The trial, which begins March 19,
will determine whether Mr. Nacchio is guilty of selling $101 million shares of Qwest from January [...]
27 Jul, 2007 1:26 pm
As detailed in this CNN piece, the "former chief executive of Qwest Communications International,
Joseph Nacchio, was sentenced on Friday to six years in prison and ordered to forfeit $52 million in stock gains from insider trading." Also, "Nacchio was fined an additional $19
million in the case presided over by U.S. District Judge Edward Nottingham." Recent related post: Sentencing reqwests in Qwest sentencing
11 Oct, 2007 3:57 am
Joseph P. Nacchio, the convicted former chief executive of Qwest Communications International, asked
a federal appeals court for a new trial, claiming he had been found guilty of insider trading based on insufficient evidence. In April jurors convicted Mr. Nacchio, 58, of selling $52
million in shares of Qwest, based on private warnings that the telephone [...]
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