WorldCom

CGL assisted lead counsel and the lead plaintiff, the New York Common Public Retirement Fund, in the enormous securities class action In re WorldCom, Inc., Securities Litigation. First, we served as Washington counsel, monitoring relevant Congressional and regulatory developments, where we succeeded in getting a crucial amendment on securities fraud into the Sarbanes-Oxley Act.

Second, a former partner served as a trial consultant in the 2005 trial against Arthur Anderson. The plaintiff’s team collected in excess of $6 billion, the second largest fraud recovery in history.

By | 2018-01-14T19:52:03+00:00 August 18th, 2014|Accomplishments, Complex Litigation, Securities Fraud and Corporate Governance|Comments Off on WorldCom