July 6, 2003 1 min read

Judge Approves MCI Settlement

A U.S. District Court approved the proposed settlement between the Securities and Exchange Commission (SEC) and MCI (the former WorldCom). Under the settlement, MCI will pay $500 million in cash and $250 million in common stock to shareholders and bondholders upon emergence from Chapter 11 protection.
http://www.mci.com/

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