Thus, the new regulations may trap WorldCom
before its debts are formally discharged.
Without the AIG surety bonds, WorldCom
"could default on contracts that generate in excess of $2 billion of revenue per annum.
is committed to cultivating a global business environment company-wide and fostering a diverse supplier base.
also amended its offer in an effort to make it even more attractive to the Sprint board.
partners are required to attend WORLDCOM
's regional and global meetings twice annually.
If the warranty were made sometime in the previous five quarters, the period for which WorldCom
is restating its results, the case for fraudulent misrepresentation is a strong one.
and Sprint had been hammering out the details of a combination the last two weeks, and both companies' boards had been planning to meet to consider a $93 billion stock swap - Sprint's board on Sunday and MCI Worldcom
's on Monday.
Parker & Waichman and associated counsel is currently representing hundreds of current and former MCI WorldCom
shareholders and employees who have opted out of the class action lawsuit that was certified last year by Judge Denise Cote in the Southern District of New York.
based MCI WorldCom
and Sprint, headquartered in Westwood, Kansas, would attract scrutiny by regulators.
Parker & Waichman and associated counsel are currently representing hundreds of current and former WorldCom
and MCI shareholders.
But its stunning $30 billion offer for MCI has WorldCom
attempting to take over a company more than twice its size.
This is the first suit ever filed seeking a mental pain and suffering award for losses suffered by millions of investors who relied on the false advice of Salomon and Citigroup about WorldCom
," said Mr.