AUSWR
The Association of U S West Retirees
 

 

 

Qwest asks court to settle attorney-client privilege question
Associated Press
Arizona Republic
Wednesday, Apr. 26, 2006

DENVER - An attorney for Qwest Communications is asking for permission to withhold certain information from shareholders suing the company.

Attorney David Boyd told the Tenth U.S. Circuit Court of Appeals that Qwest is trying to complete a $400 million settlement of shareholder lawsuits.  The company was sued by shareholders in July 2001.

The settlement hasn't been approved yet.  Two co-defendants -- former Chief Executive Officer Joseph Nacchio and former finance chief Robert Woodruff -- have asked to be removed from the settlement.

The judges didn't say when they would issue an opinion in a case that could have ramifications on whether corporate secrets are shared with the public -- including disgruntled shareholders.

http://www.azcentral.com/news/articles/0426QwestLawsuits26-ON.html