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Tuesday, March 22, 2005

WorldCom Settlement Update, Part IV--$6.061 Billion

The recent settlement by all 12 former WorldCom directors totaling $60.75 million (including $24.75 million out of pocket) bumps the total settlement fund in this case up to $6.061 billion.  Now only Arthur Andersen remains as a defendant in the case.

Citigroup: $2.575 billion

J.P. Morgan: $2.0 billion
Bank of America: $460.5 million

Deutsche Bank Securities: $325 million
ABN Amro: $278.3 million

West LB AG: $75 million
Tokyo Mitsubishi: $75 million
Lehman Brothers: $62.7 million

Former WorldCom directors: $60.75 million

Caboto Holding SIM: $37.5 million
BNP Paribas: $37.5 million
Mizuho Int’l: $37.5 million
CS First Boston: $12.54 million
Goldman Sachs: $12.54 million
UBS AG: $12.54 million

TOTAL: $6.061 billion

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