asks court to settle attorney-client privilege question
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