Judge Gives Preliminary Ok to Ebbers Settlement; Civil Suit Will Leave Former Ceo's Wife None of His Ill-Gotten Fortune
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Summary
NEW YORK -- A judge gave her blessing Monday to a civil suit settlement under which former WorldCom chief Bernard Ebbers will forfeit nearly all his cash and personal assets -- as much as $45 million.
U.S. District Judge Denise Cote gave preliminary approval to the deal two days before Ebbers, 63, faces sentencing, and almost certain lengthy prison time, on his criminal conviction in the record WorldCom fraud.See the full content of this document
Extract
Judge Gives Preliminary Ok to Ebbers Settlement; Civil Suit Will Leave Former Ceo's Wife None of His Ill-Gotten Fortune
The civil settlement, which springs from a suit filed by angry former investors in the topp...
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