US - The Teacher Retirement System of Texas (TRS) has reached a settlement with Qwest Communications International, a telecommunications company that lost shareholders over US$1.6bn by artificially inflating its stock price in 2001.
TRS said it would receive approximately $61.6m from the settlement. A class action settlement with Qwest was announced in 2005 and, under that settlement, TRS' estimated recovery would have amoun...
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