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A federal judge in New York Tuesday dismissed claims accusing the audit committee of WorldCom Inc.'s board of directors of abandoning their oversight responsibilities amid the telecommunication company's massive fraud. Southern District Judge Denise Cote said the complaint failed to allege adequately the directors' scienter, or intent to deceive.
December 04, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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