ISS' Ted Allen, Managing Editor of The Friday Report,  has written this insightful article on the collapse of the WorldCom director settlement.  The article states that

Professor Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, said he doesn't expect that the collapse of the WorldCom settlement will deter other investors from seeking personal payments from board members. "The theory of getting some sort of payment from directors seems to be well established," Elson told The Friday Report.