AUSWR
The Association of U S West Retirees
 

 

 

Szeliga asks judge to order SEC to give details on suit
By Associated Press
Rocky Mountain News
Saturday, February 18, 2006

A former Qwest finance chief asked a judge Friday to order regulators to provide more details about a fraud lawsuit, contending it is impossible to determine specific allegations against her or other defendants.  Robin Szeliga's attorneys wrote in a brief filed in U.S. District Court that the Securities and Exchange Commission relied on a "smorgasbord" approach that lacked specifics when it filed the complaint nearly a year ago.

"The SEC has lumped numerous defendants and a variety of allegedly wrongful conduct into one complaint in a way that makes it impossible to understand what is being alleged against whom," attorneys Patrick Kanouff and Terry Bird wrote.  "The law requires more, and this court should order the SEC to provide it."

A telephone message seeking comment from SEC attorneys was not returned.  They have consistently refused comment outside the courtroom.

Szeliga attorney Mark Drooks said in a separate brief that he met with SEC attorneys in May who believed the lawsuit was sufficient as it stood.

Szeliga, former Chief Executive Officer Joseph Nacchio, former Chief Financial Officer Robert Woodruff and four other one-time executives were accused in March of orchestrating a massive financial fraud that forced Qwest Communications International Inc. to restate billions of dollars in revenue.

The SEC wants repayment and civil penalties, with amounts to be determined at trial.

http://www.rockymountainnews.com/drmn/tech/article/0,2777,DRMN_23910_4477944,00.html