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To: Connor26 who wrote (20715)	7/16/2002 1:23:07 PM
From: Connor26	Read Replies (1) \| Respond to of 26752

13:13 ET California pension funds sue WorldCom execs, underwriters for fraud : Three California public pension funds-- CalPERS, CalSTRS, and LACERA-- announce a joint lawsuit to recover losses against WCOME execs and the major underwriters of WorldCom bonds issued in May of 2001: CitiGroup, Salomon Smith Barney, J.P. Morgan Securities, J.P. Morgan Chase, Banc America, Banc of America Securities, ABN/AMRO, Deutsche Bank, and Deutsche Bank Alex Brown (see 7:51 comment for an early note on this). The suit calls for full recovery of the combined $318.5 mln in losses from a May 2001 bond issue.