Funds File Fresh Suit Against Nacchio, Woodruff

Law360, New York (February 2, 2009, 12:00 AM EST) -- Investment companies that opted out of a $45 million settlement in the case against two former Qwest Communications International Inc. executives are now pursuing their own action against the men.

Five funds managed by Munder Capital Management filed suit Wednesday in the U.S. District Court for the District of Colorado against former co-chair and CEO Joseph P. Nacchio and former Chief Financial Officer Robert S. Woodruff.

The investment funds are looking to recover losses they sustained as a result of Qwest's alleged scheme to inflate the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.