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WorldCom Inc. is in the Technology Industry
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WorldCom whistle-blower Cynthia Cooper
THINK OF HER AS THE MOTHER OF 404. Not that that's a goal she ever imagined or one she has embraced. But the odyssey that began when Cynthia Cooper, the then--vice president of internal audit at WorldCom, decided to investigate anomalies in the company's accounting entries ended by inspiring critical--and...
U.S. Consumers Favor Home-Grown Products, According to Worldcom Survey
Autos and Consumer Electronics Maintain Highest Confidence Level among Foreign-Made Products
Lessons from the Mega-Mergers
These high-profile corporate mergers are excellent case studies for anyone considering a potential acquisition. Hewlett-Packard and Compaq Date:...
Retirement officials eye WorldCom settlement
OKLAHOMA CITY - The Oklahoma Public Employees Retirement System Board of Trustees took action to attempt to retrieve a share of lost investments on Thursday by adopting a resolution calling on state government leaders to send the money to the agencies that originally lost it.
WORLDCOM Chair Presented to PRSA Members the Benefits of Joining a Public Relations Network
Melissa Sturges Led Breakout Session at PRSA Counselors Academy Spring Conference
Life After Enron and Worldcom: Preparing for the New Regulatory Environment
With the number of shareholder class action lawsuit filings continuing to decline, and in the absence of mega-cases concerning alleged corporate fraud the likes of Enron and Worldcom in the headlines these days, one would think that officers and directors of public companies could breathe easier. Yet regulatory scrutiny by...
CEOs & SCANDAL.(News)(Brief article)
WORLDCOM: BERNARD EBBERS Accused of: Conspiracy and securities fraud that cost shareholders $180 billion when WorldCom went bankrupt in 2002. Defense: Ignorance. Using so-called "aw-shucks" defense, he claimed he was unfamiliar with fi WORLDCOM: BERNARD EBBERS Accused of:...
Compensation for WorldCom victims
STOCKSSTOCKS
American International Group Inc.(Property/Casualty)(appointment of Anastasia D. Kelly)(Brief article)
AMERICAN INTERNATIONAL GROUP INC. has hired the former chief legal officer of MCI/WorldCom, ANASTASIA D. KELLY, as executive vice president, general counsel ... AMERICAN INTERNATIONAL GROUP INC. has hired the former chief legal officer of MCI/WorldCom, ANASTASIA D. KELLY, as executive vice president, general counsel...
Vital signs: how could you spot the next Enron, Worldcom or Parmalat? Robert Leach marks your card.(Corporate failures)(Cover story)
"If only we could have spotted the rascals ahead of time"--that's the lament of anyone who bought Enron, or who worked at a now-collapsed company like Global Crossing or who trusted any corporate forecast that proved way too upbeat. Most co "If only we could have...
Why funds opt out of class action.
Byline: Neil L. Selinger Historically, in the wake of corporate fraud, most investors have sought to recoup their losses by filing a claim in the settlement of a class-action lawsuit. Although this passive approach minimizes an investor's expendit Byline: Neil L. Selinger ...
New York City plans settle with WorldCom bond underwriters.(News Briefs)(Employees Retirement System)(Brief Article)
NEW YORK - New York City Retirement Systems on Oct. 18 reached a $78.87 million settlement with the six underwriters of two bond offerings by the former WorldCom Inc., confirmed Yvette Jackson, spokeswoman for William C. Thompson Jr., city comptrolle NEW YORK - New York City...
Lerach Coughlin Announces That Assertion of Premium Recovery by Institutional Investors in WorldCom Settlements is Accurate — Response to New York State Press Release
SAN DIEGO -- Lerach Coughlin Stoia Geller Rudman & Robbins LLP, the nation's leading law firm representing institutional investors in securities litigation, earlier today announced it had recovered more than $651 million for institutional investors in individual non-class action lawsuits arising out of the financial collapse of WorldCom Inc. Following...
'Opt-Out' Plaintiffs Settle With WorldCom
Five New York City public pension funds that did not join in the $6.1 billion WorldCom class-action settlement have settled their own lawsuits for a total of $78.9 million. The pension funds lost more than $200 million on WorldCom stock and bond investments after the company, now called MCI, filed...
Directors' personal contributions to settlements in the WorldCom and Enron securities litigation.
Byline: Brian Murphy and Vanessa Henry Byline: Brian Murphy and Vanessa Henry
False alarm? For better or worse, WorldCom hasn't done much to raise the bar for underwriters' due diligence
LATE LAST YEAR, A JUDGE IN A CLASS-action suit by WorldCom bondholders made a decision that boded ill for underwriters. In December, U.S. District Judge Denise Cote ruled that JPMorgan Chase & Co., a lead underwriter for WorldCom shelf offerings in 2000 and 2001, was not entitled to "blindly rely"...
Babbitt, Johnson, Osborne & Le Clainche, PA, Unveils Suppressed Citigroup-WorldCom Documents
NEW YORK -- Top Exec Explicitly Admits in Confidential Internal Memo That Investment Banking Fees, Not Research Integrity, Drove Advice
Citigroup-WorldCom Documents to Be Released 10 a.m. Thursday; Babbitt, Johnson, Osborne & Le Clainche Sets NY News Conference
Previously unreleased documents stemming from Citigroup's brokerage work on WorldCom will be unveiled at a Manhattan news conference 10 a.m. this Thursday, Sept. 8, in the screening room of the Bryant Park Hotel, 40 West 40th St., the West Palm Beach, Fla., law firm Babbitt, Johnson, Osborne & Le Clainche,...
Bank sues own captive over WorldCom claim.
Byline: DOUGLAS McLEOD PROVIDENCE, R.I.-Bank of America Corp. has filed bad-faith charges against its own Vermont-based captive insurer and units of Chubb Corp. for their alleged refusal to cover more than $24 million of the bank's $460.5 million Byline: DOUGLAS McLEOD ...
OK Attorney General Edmondson drops state charges against WorldCom
Oklahoma Attorney General Drew Edmondson on Tuesday dismissed state charges against five former WorldCom executives who have already been sentenced in federal court.
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WorldCom Inc. Company Info
NAICS Code
Wired Telecommunications Carriers: 517110
