Qwest Faces $278M Suit Over Dutch JV

Law360, New York (November 1, 2006, 12:00 AM EST) -- Qwest Communications International Inc. is the target of a $278 million lawsuit in the Netherlands, according to Qwest’s latest filing with the U.S. Securities and Exchange Commission.

The lawsuit, which was filed in September by Citibank N.A. and Cargill Financial Markets plc in the District Court of Amsterdam, names Qwest, KPN Telecom B.V., Koninklijke KPN N.V., Quest’s former chief executive Joseph Nacchio, Quest’s ex-vice president for international business John McMaster, and other former employees or supervisory board members of Qwest, KPN and KPNQwest as defendants....
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