We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Nixes Fund Payout To WorldCom Board Member

Law360 (September 17, 2007, 12:00 AM EDT) -- A federal judge has upheld a bankruptcy court's ruling allowing the reorganized WorldCom Inc. to freeze the trust assets of a former board member.

In a ruling handed down Friday in the U.S. District Court for the Southern District of New York, Judge Denise Cote affirmed an earlier bankruptcy court ruling that granted the reorganized debtors’ objection to the payment of Judith Whittaker’s claim for $345,183. The ruling found that Whittaker’s claim was general and unsecured.

Whittaker served as a member of the board of directors...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.