Qwest Communications International Inc (Q)

[coachum]

US Judge Dismisses Several Claims In Qwest Case -Report

Apr 2, 2010 11:46:40 (ET)

DOW JONES NEWSWIRES

A U.S. judge narrowed the scope of a fraud case against five former Qwest Communications International Inc. (Q) officials, including former Chief Executive Joe Nacchio, throwing out several allegations made by the Securities and Exchange Commission, the Denver Post reported Friday. The dismissed claims relate to charges that the defendants committed fraud from 1999 to 2002 when they booked revenue from network-capacity swaps in a lump sum rather than over the life of multi-year contracts. The case will now focus on whether Qwest was required to make public filings advising that its communications revenue comprised both monthly and lump-sum revenue and whether the defendants were aware of the fact.

Full story at http://www.denverpost.com/business/ci_14804468

-Dow Jones Newswires; 212-416-2900

(END) Dow Jones Newswires

April 02, 2010 11:44 ET (15:44 GMT)