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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (9171)3/21/2004 7:47:31 AM
From: BearcatbobRead Replies (1) | Respond to of 81568
 
Lizzie - please read the details of the lawsuit. This suit is filed by the patron saints of the left. They simply cannot be wrong in an issue like this. The period of the law suit starts with April 29, 1999.

I guess even presented with facts from your own groups you guys will not change the mantra. Anger is not an agenda. You are attempting to Kerry the issue of corporate fraud. It happened under slick. They are going to jail under dubya. What do you not understand about that!

WorldCom Class Action Opt Out Deadline Has Been Extended
Click here to explore your legal options

Recently , the United States Bankruptcy Court approved MCI's (WorldCom) Plan of Reorganization, which paves the way for the company to emerge from Chapter 11 bankruptcy. As a result of MCI's pending emergence from chapter 11 it is likely that shares of MCI traded under the symbols WCOEQ and MCWEQ will be cancelled leaving existing shareholders with a mere fraction of their initial investment.

On June 26, 2002 U.S. regulators charged WorldCom Inc. with fraud after MCI Worldcom admitted it hid almost $4 billion of costs, which forced the largest bankruptcy ever. The scandal pushed Worldcom stock to an all time low of just a few cents after being over $60.00 just a few years ago. The SEC said in its civil lawsuit that the scheme was "directed and approved by Worldcom's senior management and allowed WorldCom to fraudulently report 2001 cash flow of $2.393 billion, rather than its actual loss of $662 million, the SEC said. In the first quarter of 2002, WorldCom incorrectly reported cash flow of $240 million, rather than a loss of about $557 million.

In October 2003, Federal District Judge Denise Cote certified a class action lawsuit against MCI, formerly known as WorldCom, and Citigroup Global Markets, formerly known as Salomon Smith Barney. We encourage all current and former WorldCom and MCI shareholders and employees to contact us for a free lawsuit case evaluation.