Here is a chronology of accounting practices and federal investigations of Qwest Communications International Inc.:
2001June 20: Morgan Stanley downgrades Qwest stock after analyst questions accounting practices. Qwest Chairman and Chief Executive Officer Joseph Nacchio later disputes the claim.
2002Feb. 11: Qwest cooperates with government subpoena concerning its swap of fiber-optic network capacity with Global Crossing Ltd.
April 4: Qwest says SEC has begun formal inquiry into its accounting practices.
June 16: Nacchio resigns as chairman and CEO.
July 10: Justice Department confirms criminal investigation of Qwest.
July 29: Qwest says it will restate 2000 and 2001 earnings.
Aug. 20: Qwest avoids bankruptcy with sale of its yellow pages business for more than $7 billion.
Sept. 22: Qwest reverses $950 million in revenue from fiber-optic capacity swaps.
Oct. 29: Qwest says it will restate $531 million in improperly recognized revenue and take nearly $11 billion in charges for reduced value of telephone and fiber-optic networks.
Nov. 15: Qwest says it will erase $358 million in earnings for 2000 and 2001.
2003:Feb. 11: Qwest lowers 2000 and 2001 revenue by $2.2 billion, and later reports a $35.9 billion loss for 2002.
Feb. 25: Four former Qwest executives indicted on conspiracy and securities fraud charges.
Aug. 28: Chief Financial Officer Robin Szeliga leaves the company.
Oct. 16: Qwest files restated earnings for 2000 and 2001; total revenue erased is $2.54 billion.
2004:
Feb. 23: Trial begins of former executives Grant Graham, Thomas Hall, John Walker and Bryan Treadway on securities fraud, wire fraud and other charges tied to a Qwest contract to provide Internet services to Arizona schools.
April 16: Walker and Treadway cleared on all charges. Jury acquits Graham on three charges, deadlocks on remaining eight. Deadlocks on all 11 charges against Hall.
May 28: Graham pleads guilty to felony accessory after the fact to wire fraud and agrees to help prosecutors.
Sept. 17: Hall agrees to plead guilty to single misdemeanor count of falsifying documents.
2005:Feb. 18: Marc Weisberg, a former senior vice president, indicted on wire fraud and money laundering charges.
March 15: SEC charges Nacchio, Szeliga, former CFO Robert Woodruff and four other former executives with orchestrating a massive financial fraud between 1999 and 2002.
June 2: Justice Department charges Szeliga with insider trading. She reaches a plea agreement and will cooperate with prosecutors.
June 3: Szeliga reaches agreement to settle civil fraud charges filed by the SEC. Terms were not disclosed.
July 14: Szeliga pleads guilty to a single count of insider trading and agrees to cooperate with prosecutors and the SEC.
July 27: A magistrate delays the evidence exchange process in the SEC's civil case against former Qwest executives to give the government more time for its criminal investigation.
Sept. 7: A federal judge approves a $2.1 million civil settlement for former Qwest executive Gregory Casey who was charged with participating in a conspiracy. He did not admit wrongdoing and agreed to cooperate with federal investigators. He was the first defendant to reach a final settlement in the SEC case.
Nov. 1: Qwest announces a tentative $400 million settlement of shareholder lawsuits stemming from the accounting scandal. It would resolve claims against the company, some former executives and its board of directors -- but not Nacchio and Woodruff.
Dec. 20: Federal grand jury indicts Nacchio on 42 counts of insider trading.
