In re WorldCom, Inc.

OPINION GRANTING IN PART, DENYING IN PART, PERMISSION TO ASSERT COUNTERCLAIMS

ARTHUR J. GONZALEZ, Bankruptcy Judge.

I. INTRODUCTION

On July 21, 2002, and continuing thereafter, WorldCom Inc. and certain of its subsidiaries (hereinafter “WorldCom” or “Reorganized Debtors”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code in the Southern District of New York. Roger B. Abbott (“Abbott”) subsequently filed proof of claim number 17111 *163against WorldCom for $222 million, based on allegations contained in a California state action.1 Other parties, who were shareholders of WorldxChange…