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A federal judge in New York has refused to dismiss claims that former WorldCom Chief Executive Bernie Ebbers violated his duty to employees who invested in company stock as part of their retirement plan. The judge found that the employees had properly alleged that Ebbers had made misrepresentations and withheld negative information about the company's finances in violation of the Employment Retirement Income Security Act of 1974.
June 19, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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