Ex-Qwest finance chief reaches ‘tentative' settlement
Details of settlement not made public
The lawsuit stems from an accounting scandal that forced the telephone
company to restate billions of dollars in revenue.
Details of Szeliga’s proposed settlement in principle, reached with SEC
officials in Denver, were not disclosed in a status report filed over the
weekend in court.
Szeliga, former Qwest CEO
Nacchio and five other one-time executives were accused in March 2005 of
orchestrating a massive financial fraud that forced Qwest to restate billions of
dollars in revenue.