Qwest Communications International, which last month settled civil fraud charges, has begun negotiating settlements of shareholder lawsuits that accuse the company of misleading investors, a spokeswoman for the California State Teachers' Retirement System said this week. The teachers' pension fund lost tens of millions of dollars when Qwest's stock collapsed amid allegations of accounting fraud.
November 19, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Qwest Communications International, which last month settled civil fraud charges, has begun negotiating settlements of shareholder lawsuits that accuse the company of misleading investors, a spokeswoman for one stockholder said.
California State Teachers’ Retirement System spokeswoman Kirsten Macintyre told the Rocky Mountain News her group participated in a mediation session this week in San Francisco.
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