Global Crossing

(redirected from Global Crossing Limited)
Also found in: Wikipedia.

Global Crossing

A telecommunications company that filed for bankruptcy during the Enron scandal of the early 2000s. It had previously inflated its profits by recording as revenue its conduit swaps, a transaction in which telecommunications companies exchange carriers with each other without trading money. In 2005, it was found to have violated several accounting laws and was forced to settle with the SEC. See also: Sarbanes-Oxley Act.
References in periodicals archive ?
He served as a director of Global Crossing Limited from December 2003 until it was acquired by the company in October 2011.
NASDAQ: LVLT) today announced that it has completed its acquisition of Global Crossing Limited.
NASDAQ: LVLT) said it agreed to acquire Global Crossing Limited (NASDAQ: GLBC) for about $1.
The rating action followed LVLT's announcement that the company closed on its previously announced agreement to acquire Global Crossing Limited (GLBC) in a tax-free, stock-for-stock transaction.
STT Crossing received the shares of Level 3 upon the closing of the acquisition of Global Crossing Limited in exchange for the Global Crossing shares that STT Crossing held.
and Global Crossing Limited (GCUK's parent company) also limit GCUK's financial and operational flexibility unless Level 3's consent is obtained.
NASDAQ: LVLT) after it struck a deal to buy Global Crossing Limited (NASDAQ: GLBC) for about $1.
com/Legal/IP-Traffic-Exchange-Policy, was created by Level 3 to address questions raised by the Department of Justice during its review of Level 3's acquisition of Global Crossing Limited.
Key conditions include, among others that the acquisition of Global Crossing Limited is completed.
Level 3") and Global Crossing Limited ("Global Crossing") announced on April 11, 2011 will be submitted to the stockholders of Level 3 and the stockholders of Global Crossing for their consideration.
The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Global Crossing Limited ("Global Crossing" or "Company") (NASDAQ: GLBC) and other violations of state law by the Board of Directors of Global Crossing relating to the proposed acquisition of the company by Level 3 Communications, Inc.
NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) today announced that the U.

Full browser ?