What will WorldCom face when bankrupcy judge Arthur Gonzales makes his ruling on Wednesday? Will he approve a $750 million settlement that some say is excessive? Or won’t he?
A U.S. bankruptcy judge is due to rule on Wednesday on WorldCom Inc.’s historic settlement with regulators, capping a long fight over how much the telephone company should pay for its accounting fraud. The settlement calls for WorldCom to pay $500 million in cash and $250 million in new stock in the reorganized company to […]