Search for: "Qwest Corporation"
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25 Feb, 2003 1:26 pm
[JURIST] Attorney General John Ashcroft announced Tuesday that a federal grand jury in Denver had returned a 12-count indictment charging four former executives of Qwest Communications with corporate accounting fraud. Read a transcript of the Attorney General's announcement, the DOJ press release and the official
indictment [PDF]. The US Securities & Exchange Commission also filed civil fraud
20 Oct 10:40 am
Oral argument argued before the Eighth Circuit U.S. Court of Appeals on or about 10-20-2009
13 Feb, 2008 8:03 am
... ithe Montana Public Service Commission is considering whether to order a reduction in the prices that our wholly owned subsidiary, Qwest
Corporation, or QC, is allowed to charge its retail residential and small business customers for intrastate telecommunications ... the
commission to order QC to reduce its prices for telecommunications services in Montana." According to this article in the Billings Gazette, Qwest has about 300,000 customers in Montana, whose rates could fall as much as 23 percent. ...
20 May, 2008 9:13 pm
Qwest Communications is Corporate Counsel's Best Legal Department of 2008. And it's not because Qwest is the fiercest fighter in the litigation jungle. It's partially because Qwest used its in-house negotiation
talent to settle ... bring far more work in-house and to remain closely involved in those cases being handled by outside counsel. Last year, for instance, Qwest, resolved 61 percent of litigation matters and 76 percent of employment matters without using outside counsel. When Qwest lawyers do ...
21 Aug, 2008 5:00 pm
... has a large presence in this community. Not long ago it was listed as the best in house legal department for 2008 by Corporate Counsel. The general counsel, Rich Baer,
survived the Joe Nacchio years and oversaw the transformation of the ... 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 ...
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 ...
29 Mar, 2007 5:19 am
In many ways, the trial of Joe Nacchio, former CEO of Qwest, involves a retrospective on corporate governance before the adoption of
SOX. In this case, there seems little doubt that the government would never have brought the ... company's earnings forecasts (disclosed publicly) on what is being labeled "one timers,"
mostly transactions involving the sale of a piece of the Qwest fiber optics line. The term of art is an IRU or "indefeasible right to use." The
government has presented testimony that ...
22 Aug, 2007 5:15 am
... will serve as both CEO and chairman of the board of directors. Combining both positions is a hot button issue in the corporate governance area. The Chairman ordinarily sets
the agenda for the board meeting and has the authority to call meetings. ... 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 ...
23 Mar, 2007 6:56 am
... the disclosure that a portion of the revenue came from one timers. For the top executives, this was "commonly understood." For other Qwest
officials, Wolfe would remind them before meetings with analyst or investors "that we did not engage in any ... CFO and CEO of the financial statements, the beefed up requirement of
internal controls, the increasingly widespread use of corporate disclosure committees, audit committees with greater independence and more direct oversight of the outside
accountants, ...
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 ... 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.
21 May, 2008 10:00 am
We are a corporate governance blog and do not typically comment on corporate legal departments. Nonetheless we make an exception today to note the article by Amy Miller
from Corporate Counsel on the Best Legal Department of 2008. The award went to the legal department at the telecommunications giant, Qwest, headquartered right here in Denver. As the article rightfully points out (and anyone practicing in this ...
18 Feb 7:43 am
... companies seem to be curtailing their use of the corporate jet over concerns over how that might look, footnoted frequent flyer Qwest (Q) just signed another agreement ... school. Back then, footnoted readers voted that disclosure as the worst footnote of 2007. Qwest's stock has fallen about 50% since. But here's the real ... -sharing agreements, at least according to my go-to expert on all matters regarding
corporate aviation: they're essentially a legalistic-loophole that allows executives and their ...
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
10 Oct, 2008 4:00 pm
... 53, according to Jess Knox, executive director of Protect Colorado's Future. Knox stated that: "The economy will be much stronger in the long-term because we are raising the
integrity of the corporate environment for those who want to come to Colorado and have a good business." Lew Ellingson, a former Qwest
employee and "the public face of the proposed ballot measure," said the proposal would hold top business officers ...
2 Dec, 2004 7:01 am
[JURIST] In Thursday's corporations and securities law news, a federal judge ruling in the Qwest investor lawsuit threw out claims
against former Qwest president Afshin Mohebbi, former sales executive Gregory Casey, and some claims against the company. The claims arose from
a investor lawsuit accusing the company and its executives of misleading investors in the company's massive accounting and
20 Oct, 2007 7:00 am
... 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.
27 Jul, 2005 9:24 am
[JURIST] Gregory Casey, a former executive for Qwest Communications [corporate website; JURIST news archive], has reached an agreement
with the Securities and Exchange Commission [official website] to pay $2.1 million to settle civil charges [SEC report]. Casey was one of seven former Qwest executives, including ex-CEO Joseph Nacchio, charged in a civil lawsuit alleging accounting schemes [JURIST
28 Dec, 2005 4:36 pm
[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
12 May, 2006 7:58 am
[JURIST] Telecommunications company Qwest on Friday explained its decision to deny the National Security Agency (NSA) [official website] access
to its customers' telephone records in contrast to competitors AT&T, Verizon, and BellSouth [corporate websites] which allowed that. According to a company lawyer, former
Qwest CEO Joseph N. Nacchio concluded that "the requests violated the privacy
19 Mar, 2007 5:51 am
[JURIST] The US District Court for the District of Colorado [official website] began jury selection Monday in the trial [materials; docket] of former Qwest Communications [corporate website] CEO Joseph Nacchio [AP profile]. Nacchio was indicted on 42 counts of insider trading [JURIST report] in
December 2005 for allegedly selling off more than $100 million in Qwest stock in conjunction with the
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