• Worldcom: How a Ground-Breaking Litigation Altered the Legal Landscape for Large Securities Class Actions and Forced Wall Street to Forever Change Its Ways
  • September 18, 2009 | Authors: Max W. Berger; John C. Browne
  • Law Firm: Bernstein Litowitz Berger & Grossmann LLP - New York Office
  • This article gives a broad overview of the WorldCom litigation from start to finish and highlights some of the unique litigation approaches taken by the NYSCRF and its counsel, placing particular emphasis on a number of strategic litigation decisions and highly favorable legal rulings that indelibly changed the "ground rules" for litigating large securities class-actions, and permanently changed the way that Wall Street, auditors, and corporate boardrooms do business.