Qwest reached impasse dry accounting probe fines
The long-awaited solution to the Securities and Exchange Commission investigation of Qwest has snagged disputes relating to penalty of a fine in the field of hundreds of millions of dollars.
After four sources familiar with the discussions, the SEC has sought an amount of the fine in this area by the end of his two-year probe of Qwest’s accounting, Denver, but based on the telephone company has balked.
The proposed penalty does not exceed $ 750 million in bankruptcy, agreed that MCI pays its shareholders and lenders, an SEC probe its accounting, sources said.
In opposition to such a costly end, Qwest has argued that it should continue to recover financially from bankruptcy around 2002, sources said. An agreement.
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