AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/article-1G1-120216268/worldcom-shareholder-suit-held.html" title="Facts and information about WorldCom's shareholder suit held key to problems but was dismissed.">WorldCom's shareholder suit held key to problems but was dismissed.</a>
Close
Set up an RSS feed that alerts you when new articles from Miami Herald (Miami, FL) are available.
Frequently asked questions about RSS feeds
WorldCom's shareholder suit held key to problems but was dismissed.
Byline: Beatrice E. Garcia
MIAMI _ WorldCom's former CFO and controller have been blamed for the fraud that has brought telecom giant to its knees.
And just Thursday, analysts uncovered another $3.3 billion in improperly accounted losses at the crippled company.
But a shareholder lawsuit filed against WorldCom last June presented a pattern of financial machinations used to pump up revenues and hold down expenses _ and alleged the scheme was probably well known to top management.
The suit, dismissed by a federal district court judge in WorldCom's hometown of Jackson, Miss., and now being appealed, provides enough details to make it read ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Richard C. Breeden, Corporate Monitor For MCI, Files Corporate Governance...
- Press release article from: PR Newswire August 26, 2003 700+ words
...Rakoff of The United States District Court for the Southern District...Rakoff of the United States District Court for the Southern District...proceeding brought against WorldCom, Inc. (the "Company" or "WorldCom") by the United States...
- U.S. District Court upholds panel's $1.5M punitive award.
- Newspaper article from: Massachusetts Lawyers Weekly Schaffer, Noah August 28, 2006 700+ words
...Noah Schaffer A U.S. District Court judge has upheld an arbitration...and plans to appeal." WorldCom stock The case arose out a stock scandal involving WorldCom. The defendants, Joseph...Salernos' purchase of WorldCom stock. Grubman had recommended...
- Federal District Court Coverage Expanded.
- Press release article from: PR Newswire January 23, 2006 700+ words
...the New Jersey Federal District Court. Members can add any District Court case in these Districts...the New Jersey Federal District Court. We also are providing...bankruptcies including Enron and WorldCom. eLaw also provides an...
- U.S. District Court rejects retiree's second attempt at lawsuit against...
- Magazine article from: Daily Record (Rochester, NY) February 23, 2004 700+ words
...injustice, concluded U.S. District Court Judge Charles J. Siragusa...the situation in [In re] Worldcom [Inc., ERISA Litigation...under the trust. Further, Worldcom involved a bankrupt corporation...market forces and not, as in Worldcom and Moench [v. Robertson...
- MCI Wins U.S. District Court Approval for SEC Settlement.
- Press release article from: PR Newswire July 7, 2003 700+ words
...MCWEQ) today received U.S. District Court approval for its amended proposed...for later this fall." About WorldCom, Inc. WorldCom, Inc. (WCOEQ, MCWEQ...wholly-owned data networks, WorldCom develops the converged communications...
- U.S. District Court Rules ERISA Trustee May Be Sued For Breach Of Its Duty.
- Newspaper article from: Massachusetts Lawyers Weekly October 25, 2004 700+ words
...fiduciary and therefore exempt from fiduciary status, a U.S. District Court judge has held. The defendant trustee argued that it lacked...managed retirement and investment funds, such as the Enron and Worldcom litigation. "Regulators and legislators are looking at...
- WorldCom's shareholder suit held key to problems but was dismissed.(Knight...
- News wire article from: Knight Ridder/Tribune News Service Garcia, Beatrice E. August 11, 2002 700+ words
...dismissed by a federal district court judge in WorldCom's hometown of...appealed to the Fifth District Court of Appeals in New...1 million on the WorldCom stock they held...dismissed by U.S. District Court Judge William H...
- Many WorldCom Executives Knew Score, Lawsuit Says.
- Newspaper article from: Knight Ridder/Tribune Business News August 5, 2002 700+ words
...dismissed by a federal district court judge in WorldCom's hometown of...appealed to the Fifth District Court of Appeals in New...1 million on the WorldCom stock they held...dismissed by U.S. District Court Judge William H...
- WorldCom Pleads Not Guilty to Charge it Defrauded Investors.
- Newspaper article from: Knight Ridder/Tribune Business News September 12, 2003 700+ words
...company and six former WorldCom executives. Former...in Oklahoma County District Court and was released after...hearing conference for WorldCom before Special Judge...Scott Sullivan, former WorldCom chief financial officer...in Oklahoma County District Court on Wednesday. ...
- Cost of WorldCom Fraud for Oklahoma Investors Still Unknown.
- Newspaper article from: Knight Ridder/Tribune Business News September 14, 2003 700+ words
...guilty in Oklahoma County District Court last week. Former Chief...Scott Sullivan, former WorldCom chief financial officer...appear in Oklahoma County District Court on Wednesday to answer...Four other former WorldCom executives, all of...