MCI, WorldCom's Ebbers Settle 401(k) Suit for $51 Million

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7/7/2004: MCI, WorldCom's Ebbers Settle 401(k) Suit for $51 Million (Bloomberg News)

Excerpt: MCI Inc., former WorldCom Inc. Chief Executive Officer Bernard Ebbers and 18 ex-WorldCom officials agreed to pay about $51 million to settle a suit by employees who lost hundreds of millions of dollars when the long-distance telephone company collapsed, lawyers for the employees said.

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