December 20, 2004

WorldCom Underwriter Claims Go Forward

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 8:26 PM | TrackBack
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