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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 ...
- 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...
- 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...
- 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...
- SIRIT Technologies Receives A Ruling From United States District Court in Miami.
- News wire article from: Canadian Corporate News June 11, 2001 700+ words
...granted a ruling on November 28, 2000 by the United States District Court for the Southern District of Florida. rgency Motion against...plans to acquire Able in a stock for stock transaction. WorldCom Inc. was also a party to this merger agreement. Able and...
- SEC fines WorldCom $500 million. (Business).
- Newspaper article from: Fiber Optics Weekly Update May 23, 2003 700+ words
...proposed settlement in its civil action against WorldCom Inc. in federal district court in the Southern District of New York. The proposed...Court hearing the Commission s action against WorldCom and the Bankruptcy Court handling WorldCom...
- 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's Ebbers guilty on all 9 charges in fraud case.(PAGE ONE)
- Newspaper article from: The Washington Times March 16, 2005 700+ words
...in a Manhattan district court came after eight...testimony from top WorldCom financial officers...chief executive of WorldCom, faces up to...by AP] Former WorldCom CEO Bernard Ebbers left U.S. District Court in Manhattan on...
- That Enron feeling: WorldCom 401(k) plan down by $775 million.(Statistical Data...
- Magazine article from: Pensions & Investments Jacobius, Arleen July 8, 2002 700+ words
...represents WorldCom 401(k...the U.S. District Court for the Southern...in U.S. District Court in Northern...California against WorldCom by participants in the WorldCom and MCI 401...in U.S. District Court in Mississippi...
