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Judge OKs WorldCom Settlement

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Judge OKs WorldCom Settlement

Business

Judge OKs WorldCom Settlement

Judge OKs WorldCom Settlement

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  • <iframe src="https://www.npr.org/player/embed/1387811/1387812" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A federal bankruptcy judge approves an agreement by WorldCom to settle the largest financial fraud case in U.S. history with a payment of $750 million in cash and stock. The approval clears the way for the telecom giant to emerge from bankruptcy this fall. Hear NPR's Scott Horsley.