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Qwest to Settle Claims for $400 Million

The agreement would dismiss all claims against Qwest and individual defendants except former chief executive officer Joseph Nacchio and former chief financial officer Robert Woodruff.

> > The settlement covers investors who purchased Qwest securities between May 24, 1999 and July 28, 2002. Under the agreement, Qwest would pay $390 million while its former auditor, Arthur Andersen, would kick in $10 million.
Source: CFO


Published:2005-11-03
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