3 Former Qwest Execs Plead Not Guilty
From Associated Press
Three former Qwest Communications International Inc. executives pleaded not guilty in federal court in Denver to charges that they committed fraud by artificially inflating revenue to meet Wall Street targets.
Thomas Hall, John Walker and Bryan Treadway were among four former company executives named in a 12-count indictment. Grant Graham pleaded not guilty Friday.
Each of the four remained free on $100,000 bond.
Shares of Denver-based Qwest fell 1 cent to $3.24 on the NYSE.
