Hopes 220,000 Pages Turn Up Dirt on Nacchio
By Peter Lattman
The Wall Street Journal
Wednesday, June 21, 2006
A federal appeals court
ruled that Qwest must turn over 220,000 pages of documents
in connection with a civil securities fraud case against the
telecom firm, reports the Rocky Mountain News.
Qwest had argued that the documents were protected by
attorney-client privilege and the work-project doctrine, but
the Tenth Circuit ruled that Qwest waived its privilege when
it turned over the documents to the SEC and DOJ. Lerach
Coughlin, the lead plaintiffs' firm in the lawsuit, said
they're pleased with the ruling. Lerach has already reached
a $450 million settlement with Qwest, but a civil suit's
still pending against former CEO Joseph Nacchio and Ex-CFO
The plaintiffs hope that the trove of documents will prove
damaging to Nacchio. "Certainly, this information to be
gleaned from the 220,000 pages will help the plaintiffs'
attorneys put more puzzle pieces together," said a lawyer
for the plaintiffs. A Qwest spokesman declined comment.