STATE of New Jersey, DEPARTMENT OF TREASURY, DIVISION OF INVESTMENT, by Treasurer John E. McCORMAC, Plaintiff-Respondent,
v.
QWEST COMMUNICATIONS INTERNATIONAL, INC., Joseph P. Nacchio, Stephen M. Jacobsen, Drake S. Tempest, Marc B. Weisberg, James A. Smith, Afshin Mohebbi, Lewis O. Wilks, Craig D. Slater and Arthur Andersen, LLP, Defendants, and
Robert S. Woodruff and Robin R. Szeliga, Defendants-Appellants.
State of New Jersey, Department of Treasury, Division of Investment, by Treasurer John E. McCormac, Plaintiff-Respondent,
v.
Qwest Communications International, Inc., Joseph P. Nacchio, Stephen M. Jacobsen, Drake S. Tempest, Marc B. Weisberg, James A. Smith, Afshin Mohebbi, Lewis O. Wilks, Craig D. Slater and Arthur Andersen, LLP, Defendants, and
Philip F. Anschutz, Defendant-Appellant.
Superior Court of New Jersey, Appellate Division.https://leagle.com/images/logo.png
Argued November 16, 2005.
Decided August 18, 2006.
Attorney(s) appearing for the Case
David Cook, argued the cause for appellant Robert S. Woodruff (McCarter & English, Newark; Mr. Cook, Wesley R. Powell (Clifford Chance US), of the New York bar, admitted pro hac vice, attorneys, New York City; Mr. Powell, of counsel; Joseph T. Boccassini, Newark, on the brief).
Thomas V. Reichert (Bird, Marella, Boxer, Wolpert, Nessim, Drooks & Lincenberg), of the California bar, admitted pro hac vice, Los Angeles, CA, argued the cause for appellant Robin R. Szeliga (McCarter & English, Newark; Mr. Reichert, Mark T. Drooks (Bird, Marella, Boxer, Wolpert, Nessim, Drooks & Lincenberg), of the California bar, admitted pro hac vice, attorneys, Los Angeles, CA; Mr. Reichert and Mr. Drooks, of counsel; Joseph T. Boccassini, Newark, on the brief).
Michael J. Hoffman (Holme Roberts & Owen), of the Colorado bar, admitted pro hac vice, Denver, CO, argued the cause for appellant Philip F. Anschutz (McCarter & English, Newark; Mr. Hoffman, Bruce F. Black (Holme Roberts & Owen), of the Colorado bar, admitted pro hac vice, Denver, CO, and Neil M. Gorsuch (Kellogg, Huber, Hansen, Todd & Evans), of the District of Columbia bar, admitted pro hac vice, attorneys, Washington, DC; Mr. Hoffman, Mr. Black and Mr. Gorsuch, of counsel; Joseph T. Boccassini, Newark, on the brief).
Todd S. Collins (Berger & Montague) of the Pennsylvania bar, admitted pro hac vice, Philadelphia, PA, argued the cause for respondent (Sterns & Weinroth, Princeton and Mr. Collins, Merrill Davidoff and Ellen T. Noteware (Berger & Montague), of the Pennsylvania bar, admitted pro hac vice, attorneys, Philadelphia, PA; William J. Bigham, Nancy Axelrod, Mr. Davidoff and Ms. Noteware, of counsel; Mr. Bigham, on the brief).
Before Judges STERN, GRALL and LIHOTZ.
Superior Court of New Jersey, Appellate Division.
The opinion of the court was delivered by
GRALL, J.A.D.
This appeal arises from an action commenced by the State of New Jersey, Department of Treasury, Division of Investment (NJT) to recover damages allegedly sustained as a consequence of a civil conspiracy to induce investments in stock issued by Qwest Communications International, Inc. (Qwest) through a series of fraudulent misrepresentations. We granted three individual, non-resident defendants, Philip...
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