WorldCom announces settlement with SEC

Telecom company, WorldCom Inc, announced that it has consented to entering a permanent injunction that will resolve claims brought in the Securities and Exchange Commission's civil lawsuit regarding WorldCom's past accounting practices.

WorldCom announces settlement with SEC
Thu, 28 Nov, 2002 - 08:51

Telecom company, WorldCom Inc, announced that it has consented to entering a permanent injunction that will resolve claims brought in the Securities and Exchange Commission's civil lawsuit regarding WorldCom's past accounting practices.

While the company stressed that it neither admits nor denies the allegation, it agreed to the following conditions:

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CourtsHeathrowPerson: CEOPerson: John SidgmoreOrganisation: WorldComOrganisation: SECOrganisation: WorldCom IncOrganisation: Securities and Exchange Commission
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