Getting your player ready...
A federal judge has approved a class-action settlement of Qwest shareholders’ claims against former executives of the telecommunications company.
An order signed Wednesday approves a $45 million settlement of claims against former Qwest chief executive Joe Nacchio and former chief financial officer Robert Woodruff. The order makes effective an earlier $400 million settlement with Denver-based Qwest.
The settlement generally covers people who bought Qwest stock from May 24, 1999, to July 28, 2002.
