Sponsored by
WorldCom's £28.7m bill
TEN former directors of WorldCom have agreed to a £28.7 million settlement of an investor class-action lawsuit that includes £9.6m from their own pockets, lawyers in the case said.
Corporate governance experts said the settlement sets a new standard for accountability of directors when firms go astray.
Charles Elson, chairman of the Center for Corporate Governance at the University of Delaware, said the settlement "sends a pretty strong shockwave through the director world".
Email to a friend
Print this page- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers takeover: Duff & Phelps threaten legal action against BBC
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Friday 25 May 2012
Today
Sunny
Temperature: 10 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: North east
