SEC settles civil lawsuits against former WorldCom execs Tom Henry at 8:40 PM ET
[JURIST] The US Securities and Exchange Commission (SEC) [official website] said Thursday that it had reached settlements with former WorldCom CFO Scott Sullivan and six others for their roles in fraudulent adjustments and entries in WorldCom's books and records. Mark Abide, former WorldCom director of property accounting, also agreed to pay a total of nearly $130,000 as part of the settlement.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.