The Federalist Society

The WorldCom and Enron Settlements: Politics Rears its Ugly Head

May 1, 2005

Peter J. Wallison

Recent news that the independent directors of WorldCom and Enron had agreed to settle outstanding securities class action suits with payments from their personal assets should be getting more attention than it has. Although the WorldCom settlement was rejected by the court for technical reasons, it established a precedent that is likely to bedevil corporate governance well into the future....

The WorldCom and Enron Settlements: Politics Rears its Ugly Head  


The Federalist Society