A federal judge approved more than $3.5 billion to WorldCom investors Wednesday and granted the lead attorneys' application for fees, awarding the two firms more than $194 million. The award raises the total compensation for the plaintiffs to $6.1 billion and boosts their firms' attorney fees to $335 million. Federal New York Judge Denise Cote's decision brings to a close a major chapter of the largest corporate fraud of the post-Enron era.
WorldCom Judge Awards $3.5B to Investors, $194M to Lead Attorneys
New York Law Journal
September 22, 2005