Judge approves WorldCom settlement

A US judge has approved a settlement between WorldCom and federal regulators that calls for an unspecified fine and continued government oversight of the telecommunications company.

The settlement, stemming from civil fraud charges related to the company’s $9bn (€9bn) accounting scandal, includes a permanent injunction barring further violations of security laws, US District Judge Jed Rakoff said.

The settlement also calls for the continuation of a court-appointed monitor for WorldCom, with the possibility of expanding the monitor’s role, the judge said.