Lieff Cabraser represents the New
York State Common Retirement Fund, Fire and Police
Pension Association of Colorado, Denver Employees'
Retirement Plan, San Francisco Employees' Retirement
System, and over thirty separate mutual funds formerly
managed by Merrill Lynch Investment Managers (now BlackRock,
Inc.) in individual securities fraud actions filed
in federal court against Qwest Communications International,
Inc., Philip F. Anschutz, former co-chairman of the
Qwest board of directors and other senior executives
at Qwest as well as Arthur Andersen LLP.
In each action, defendants are charged with significantly
overstating Qwest’s publicly-reported growth, revenues,
earnings, and earnings per share from 1999 through
2002. Defendants’ unlawful conduct served to maintain
Qwest's common share price at artificially high levels
and enabled the individual defendants to sell Qwest
common shares at inflated values. |
