November 22, 2004
Letter from Curtis Kennedy
SEC lawsuit filed against the company

 

  Nelson Phelps, President and Executive Director
ASSOCIATION OF U S WEST RETIREES
and AUSWR Board Members
and General membership

This is a follow up to my October 22 email concerning the consent judgment Qwest entered into with the SEC concerning the lawsuit the agency filed against the company.  I have forwarded herewith the response I received to my inquiry about when, where and how the claims process will begin.

    I am told that at this time, details of the distribution of funds to investors  (e.g., date distribution will begin, procedure to file a claim, etc.) have not been finalized.

     Curtis
CurtisLKennedy@aol.com
303-770-0440
From: "Erickson, Rhonda J."
Date: November 22, 2004 2:43:07 PM MST
To: "'CurtisLKennedy@aol.com'"
Subject: SEC vs QWEST COMMUNICATIONS

Dear Mr.  Kennedy:

Thank you for your inquiry requesting further details about the settlement in the SEC's action against Qwest.

  At this time, details of the distribution of funds to investors  (e.g., date distribution will begin, procedure to file a claim, etc.) have not been finalized.

Qwest is required to prepare a plan of distribution for these funds and submit it to the Commission for approval.  When a plan is approved, the details of the plan will be available through the SEC website (www.sec.gov) and presumably on Qwest's website.  In addition, Qwest is expected to notify all investors eligible for compensation.

You may be interested in reading "Returning Funds to Defrauded Investors" (www.sec.gov/about/ secdisgorge042004.pdf) and "SEC Rules on Fair Fund and Disgorgement Plans" (www.sec.gov/about/ fairfund042104.htm).

Thank you for contacting the SEC, Mr. Kennedy.  If you have further questions you may direct them to me at ericksonr@sec.gov.

Sincerely,
Rhonda Erickson
Investor Assistance Specialist