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

NASD Loses Bid To Dismiss WorldCom Case

Law360 (March 14, 2008, 12:00 AM EDT) -- The National Association of Securities Dealers lost a round when a Florida judge refused to grant NASD's motion to dismiss the long-running case alleging that the regulator illegally touted the purchase of WorldCom Inc. stock in the days leading up to the company's collapse.

In a ruling handed down on March 12, Judge William Zloch of the U.S. District Court for the Southern District of Florida refused to grant NASD's motion to dismiss and upheld a number of other decisions in the case.

Although the court...
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.