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WorldCom
Latest Headlines
Latest Headlines
Judge rejects Bank of America settlement again
Judge Jed Rakoff has again rejected the SEC's $33 million settlement with Bank of America as wholly inadequate--to the applause of some . He has set a Feb.1 trial, directing both sides to begin
Audit regulation changes to fall from Madoff scandal?
TheDeal.com asks this regarding the Bernard Madoff scandal: "What about those tough auditing rules imposed after the Enron and WorldCom scandals? Surely, such a massive fraud would light up
Fair to beat up on the SEC?
Ever since the Bernard Madoff scandal broke open, the media has been rife with lamentations that the SEC was remiss in its oversight of the firm. It has certainly proven to be a PR black eye. Some
Bankrupt companies more likely to be charged?
Financial Week notes that some of the largest companies ever to file for bankruptcy, Enron and WorldCom, were subsequently charged with massive fraud. Such cases, of course, led to the law that has
Big winner in Lehman mess: attorneys
For the attorneys lucky enough to have a piece of the Lehman Brothers bankruptcy pie, these are good times. Law firm Weil, Gotshal & Manges is seeking up to $950 an hour to represent Lehman while
Cynthia Cooper, still an inspiration
Cynthia Cooper, still an inspiration Remember Cynthia Cooper? The soft-spoken former chief audit executive at WorldCom was the one who blew her whistle when she uncovered a lot of bad practices at
More on the benefits of Sarbox
The debate over whether Sarbanes-Oxley has delivered benefits to shareholders has raged on for
Sarbox-style whistleblowing not a lot of fun
Well, it looks like another executive--this one at BMC software--is seeking Sarbanes-Oxley whistleblower status. Michael Ciavarra alleged in a suit that he was fired from the Houston-based because
Does Sarbox render board members personally liable?
There's little doubt that Sarbox has put added pressure on outside directors. Audit committee members seem to be the most affected, given the monitoring requirements and the fact that audit
