Denver Workers Opt Out Of Qwest Settlement

Law360, New York (August 10, 2006, 12:00 AM EDT) -- Unhappy with a $400 million settlement proposal, the Denver Employees Retirement Plan has filed a lawsuit against Qwest Communications International Inc. in hopes to recoup money it says Qwest swindled in a lengthy fraud scheme.

In 2005, Qwest agreed to shell out $400 million to resolve the original class action lawsuit in the U.S. District Court in Colorado.

But many companies have since analyzed their potential shares of the pie and decided to reject the settlement. A Qwest quarterly report filed in June said that class...
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