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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 ... Qwest's records, looking for the kind of accounting fraud that destroyed Enron and triggered an outcry for corporate reform. That's why Corporate Counsel has named Qwest's lawyers the Best Legal Department of 2008.

[JURIST] Former Qwest Communications [corporate website] vice president of investments, mergers and acquisitions Marc Weisberg pleaded guilty Wednesday to a single wire fraud count after his indictment [US DOJ press release] in February on eight counts of wire fraud and three counts of money laundering. Weisberg agreed to cooperate with federal prosecutors trying to convict other Qwest executives

[JURIST] The US Court of Appeals for the Tenth Circuit on Monday ordered [PDF text] that former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] should be retried before a new federal judge. Nacchio had appealed his April 2007 insider trading conviction [JURIST report] for selling $52 million of Qwest stock in 2001. The court found that US District Judge Edward

[JURIST] Former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] was convicted Thursday by a federal jury on 19 of 42 counts of insider trading. Nacchio illegally sold 1.33 million shares valued at $52 million dollars in conjunction with the Denver-based telephone service provider's accounting scandal between April 26 and May 29, 2001. Nacchio faces a maximum

[JURIST] US Magistrate Judge Craig Shaffer delayed the civil class action fraud case against former Qwest Communications [corporate website] chief executive Joe Nacchio and other former phone company executives until September 30 to eliminate possible interference with a parallel federal criminal investigation. US Attorney William Leone requested the delay [JURIST report], and argued that

[JURIST] The US Court of Appeals for the Tenth Circuit [official website] ruled [opinion, PDF] Friday that former Qwest Communications [corporate website] CEO Joseph Nacchio [JURIST news archive] was incorrectly sentenced to six years in prison due to flawed methodology. In sentencing Nacchio, who was convicted of insider trading [JURIST report], the trial court ruled that Nacchio had made

... 51, currently executive vice president and general counsel, will also now serve as chief administrative officer. In addition to leading Qwest's law department and the company's risk management and compliance efforts, Baer will oversee public policy, federal relations, human resources, labor relations, corporate communications, the Qwest Foundation, corporate social responsibility, and sponsorships and events. In addition to legal, therefore, Baer now supervises eight ...

... " 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 ...

[JURIST] Leading Tuesday's corporations and securities law news, the SEC [official website] has filed a lawsuit against former Qwest Communications International Inc. [corporate website] CEO Joseph Nacchio and six other former executives alleging they filed false financial statements that led to a massive financial fraud on investors. The scheme caused Qwest to fraudulently report about $3

... a judge erred in barring a defense expert witness while allowing two similar experts for the prosecution in the criminal conviction of Qwest Communications chief Joe Nacchio. The NACDL said the judge's decision allowed government experts to be "effectively ... , a University of New Mexico law professor and president of the group, said the expert was Daniel Fischel, corporate law expert witness, who was to testify about Qwest's guidance and its impact on the financial markets during 2000 and 2001.