Cincinnati Bell Inc.

Between Jan. 17, 2001 and May 21, 2002, Cincinnati Bell Inc. allegedly misrepresented its financial results to boost its stock price. A group of investors filed a class action lawsuit claiming that Cincinnati Bell, formerly Broadwing Inc., improperly accelerated revenues and inflated the demand for its services to meet earnings expectations on Wall Street, resulting in an artificially inflated stock price. The lawsuits accused the company and some executives of making false statements to mislead investors about the company's prospects. A $36 million class action settlement was awarded to investors. (Jul-28-06) [CINCINNATI ENQUIRER]