Ten former directors of WorldCom, the telecommunications company whose bankruptcy was the largest in history, have agreed to pay $18 million of their own money to settle a class-action lawsuit by investors who lost hundreds of millions of dollars when the company collapsed in July 2002. The directors in the settlement neither admitted nor denied wrongdoing. They were directors of WorldCom from 1999 to 2002.
WorldComm Directors to Pay Millions
HeadlineJan 06, 2005