In Re WorldCom, Inc. Securities Litigation
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
COTE, District Judge.
WorldCom, Inc. (“WorldCom”), once a giant of the telecommunications industry, is now the subject of colossal litigation. On July 21, 2002, WorldCom filed the largest bankruptcy in United States history. WorldCom executives have pleaded guilty to violating the securities laws; World-Com’s stock and bondholders, including numerous state and private pension funds, have lost hundreds of millions of dollars in investments; state and federal governments have conducted investigations into WorldCom’s ascent and collapse; and those associated with the company have…
2Cases cited63 opinions
- McDonnell Douglas Corp. v. GreenSupreme Court of the United States · 1973
- Warth v. SeldinSupreme Court of the United States · 1975
- Swierkiewicz v. Sorema N. A.Supreme Court of the United States · 2002
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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- In Re Global Crossing, Ltd. Securities LitigationDistrict Court, S.D. New York · 2004
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