WorldCom lenders fail to recover $2.65bn

WorldCom Inc bank lenders have failed in their efforts to recover the $2.65bn (€2.67bn) they were owed by the company after a New York judge rejected their request to impose a temporary restraining order against WorldCom, the Financial Times reported in its online edition, citing sources.

People familiar with the situation said the bank lenders, which include Deutsche Bank and Citigroup, requested the order from the New York State Supreme Court this morning in a last-ditch attempt to recover at least some of the $2.65bn (€2.67bn) unsecured loan they have extended to the company.