Last week, Judge Denise Cote of the S.D.N.Y. denied most of the summary judgment motion brought by the underwriter defendants, including Bank of America Corp. and J.P. Morgan Chase & Co., in the WorldCom securities litigation. The banks had underwritten bond offerings made by WorldCom in 2000 and 2001. The Associated Press has a report on the lengthy decision, which can be found here.
Posted by Lyle Roberts at December 20, 2004 08:26 PM | TrackBack