US - The Colorado Public Employees' Retirement Association (PERA) has reached a US$15.7m settlement with Qwest, a telecommunications company that lost shareholders over $1.6bn by artificially inflating its stock price in 2001.
The $42bn fund decided to forego a class action settlement with the Denver-based firm, announced on 5 January 2006, to pursue its own action because of excessive attorney fees and an inadequate rec...
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