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WorldCom's makeover came with a hefty price. When it emerged from bankruptcy on Tuesday, the company had a new name, MCI, and a balance sheet that had shed $35 billion in debt. But the company spent about $800 million for consultants to help it reemerge from bankruptcy, according to a spokeswoman. Accounting firms KPMG and PricewaterhouseCoopers charged tens of millions in fees and expenses, and more than a dozen law firms charged millions more.
April 23, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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