LOS ANGELES -- A federal judge certified a class-action lawsuit against bankrupt telephone company MCI, clearing the way for plaintiffs across the country to pool themselves into a massive action over accusations that MCI made fraudulent claims about its financial status. The 91-page ruling from District Judge Denise Cote grants class status to anyone who acquired publicly traded securities of MCI, formerly known as WorldCom, in the period from April 29, 1999 to June 25, 2002.
Posted by Editor at October 29, 2003 01:02 AM