Pension Funds Win $78.9 M In WorldCom Suit
The five funds include pensions for city employees, educators, policemen and firefighters. The funds decided not to participate in the class-action suit that was settled earlier this year, believing that they would benefit more from separate litigation.
The funds lost more than $200 million due to their investment in WorldCom. $130 million of the loss was directly attributed to the fraud that...
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