SEC’s WorldCom probe

news

may04-news1-gif

The Securities & Exchange Commission (SEC) is investigating Bank of America, Citigroup, Deutsche Bank and JPMorgan after a group of bondholders filed a lawsuit claiming these banks had misgivings about WorldCom’s financial soundness months before they arranged a $12 billion bond sale.

The bondholders, led by New York State comptroller Alan Hevesi, made the claim in a brief dated March 8 in the US District Court in the Southern District of New York. They claim the investment banks should have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: