Legal Director reports
July 24, 2002 at 11:13 AM
1 minute read
The original version of this story was published on Legalweek
Six US firms led by New York restructuring leader Weil Gotshal & Manges were this week appointed to the biggest bankruptcy ever as controversial telecoms giant WorldCom finalised legal advisers to handle its chapter 11 filing.
The decision on Monday (22 July) to file for bankruptcy sees WorldCom surpass Enron as the world’s biggest ever corporate failure, promising to provide an avalanche of legal world for US firms.
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