Search for: "Qwest Communications International Inc."
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27 Dec, 2007 6:47 am
... 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 ... local numbers. Katz has invented a number of patents in the telecommunication and computing fields, including the formation of Telecredit, Inc,
which was the first to provide online real time credit and check cashing authorization system. There ...
21 Mar, 2007 8:23 am
... 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 statement. ... energize Qwest workers into exceeding those estimates. In addition, Nacchio was aware of secret,
potentially lucrative government contracts that Qwest could win and the money would help the company's financial picture, Stern said. Stern
promised ...
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 ... 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 of ...
19 Mar, 2007 8:57 am
... 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 gave him ... .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-long ...
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 ...
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 ... 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 ...
15 Mar, 2005 7:35 am
[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
25 Feb 10:34 am
DENVER (AP) - A federal appeals court has reinstated the insider trading conviction of former Qwest CEO Joe Nacchio. The full 10th U.S. Circuit
Court of Appeals on Wednesday reversed an earlier ruling by a three-judge panel that ... Nacchio in 2007 of 19 counts of insider trading while acquitting him on 23 counts. Federal
prosecutors alleged Nacchio sold $52 million worth of stock at a time when he knew Denver-based Qwest Communications International Inc. was at risk while other investors did not.
13 Nov, 2006 3:37 pm
[From the Associated Press, November 13, 2006 and posted on Law.com]The Supreme Court on Monday refused to consider a case in which Qwest
Communications International Inc. had been ordered to produce 220,000 pages of documents to
shareholders in a civil...
13 Nov, 2006 3:37 pm
[From the Associated Press, November 13, 2006 and posted on Law.com]The Supreme Court on Monday refused to consider a case in which Qwest
Communications International Inc. had been ordered to produce 220,000 pages of documents to
shareholders in a civil...
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 ...
5 Apr, 2007 8:37 am
... -time sales to meet revenue targets is a critical component of the government's overall investigation of Denver-based Qwest Communications International Inc., a primary telephone service provider in 14 mostly Western states.
Prosecutors have maintained Nacchio kept ... . The defense says Nacchio legally exercised stock options under terms of his contract and was optimistic about Qwest's future because he anticipated lucrative contracts with clandestine government agencies. In a separate civil lawsuit ...
29 Jan, 2007 5:19 am
Joe Nacchio, a former CEO at Qwest Communications International Inc., is scheduled to go to trial in March on 42 counts of insider trading.[1] He is accused of selling $101 million worth of stock in
2001 based on ... both sides and the judge received Justice Department security clearances. [15] Separately, in a pending case, Nacchio is one of several former Qwest executives accused by the Securities and Exchange Commission in a civil case alleging they orchestrated a financial fraud that forced the ...
2 Oct, 2007 7:43 pm
... Law Firms Series" TV Show with Steve Murphy. He is closely following this story about how House Energy and Commerce Committee asked AT&T Inc, Verizon Communications Inc and Qwest Communications International Inc on Tuesday to describe how U.S. government agencies sought to obtain ... allowed the U.S. government access to millions of telephone
records for an anti-terrorism program. Former Qwest chief executive Joseph Nacchio refused the government's request up until he left the ...
19 Apr, 2007 4:34 pm
... , another high-profile white-collar conviction: Joseph Nacchio, who built Qwest Communications
International Inc. into the fourth-largest U.S. phone company and ... market value, was convicted of insider trading. A federal jury in
Denver today found Nacchio, Qwest's former chief executive officer, guilty of selling stock based on private ... , Enron's Jeffrey Skilling,
Bernard Ebbers of WorldCom Inc. and John Rigas, founder of Adelphia Communications Corp. Nacchio left the courthouse with his wife Anne
...
19 Feb, 2008 8:29 am
... in part: Counsel Corporation ("Counsel") (TSX:CXS) is pleased to announce that its 92%-owned subsidiary, C2 Global Technologies Inc. ("C2")(OTCBB:COBT), has settled its
patent infringement litigation against AT&T by entering into a Settlement ... a wholly-owned subsidiary of C2, filed a patent infringement lawsuit against AT&T, Inc.,
Verizon Communications, Inc., Qwest Communications
International, Inc., Bellsouth Corporation, Sprint Nextel Corporation, Global Crossing Limited, and Level 3 ...
19 Feb, 2008 8:29 am
... in part: Counsel Corporation ("Counsel") (TSX:CXS) is pleased to announce that its 92%-owned subsidiary, C2 Global Technologies Inc. ("C2")(OTCBB:COBT), has settled its
patent infringement litigation against AT&T by entering into a Settlement ... a wholly-owned subsidiary of C2, filed a patent infringement lawsuit against AT&T, Inc.,
Verizon Communications, Inc., Qwest Communications
International, Inc., Bellsouth Corporation, Sprint Nextel Corporation, Global Crossing Limited, and Level 3 ...
6 Oct, 2008 8:01 am
... , 535 F.3d 1165 (10th Cir. July 30, 2008) (No. 07-1311) In a case to watch, on September 25, 2008, the Tenth Circuit, sitting en banc, heard argument on the insider trading case
concerning defendant Nacchio, former CEO of Qwest Communications International, Inc. He was charged with 42 counts of insider trading and convicted on 19 counts. He was sentenced to serve six years in prison and
ordered to pay a $19 ...
21 May, 2007 8:17 am
... than 90 percent of the market for local phone service. The defendants were Bell Atlantic Corp., BellSouth Corp., Qwest Communications International Inc., and SBC Communications
Inc. Bell Atlantic is now Verizon Communications Inc. and SBC bought AT&T Inc. and the renamed company, AT&T,
merged with BellSouth. Consumers represented by a prominent firm of plaintiffs' attorneys sued when the companies kept to their own territories rather than ...
15 Jun, 2006 8:50 am
Texas, Again. Reuters reports that "C2 files patent suit against US phone giants." From the article: "C2, a patent licensing company, said the suit. filed in a Texas court against
AT&T Inc, Verizon Communications, BellSouth Corp, Qwest Communications International Inc, Sprint Nextel Corp Level 3 Communications Inc and Global Crossing Ltd."
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