“This case was five or six years of litigation telescoped into less than three, which is a testament to a hands-on judge determined to get a fair and just resolution for investors and defendants as quickly as the judicial system will permit, ... We are extremely gratified by the kind words she has to say and look forward to pushing hard to process claims in accordance with the formula approved today and distributing this historic recovery to the victims of the WorldCom fraud as quickly as we can.”
“This case was five or six years of litigation telescoped into less than three, which is a testament to a hands-on judge determined to get a fair and just resolution for investors and defendants as quickly as the judicial system will permit. We are extremely gratified by the kind words she has to say and look forward to pushing hard to process claims in accordance with the formula approved today and distributing this historic recovery to the victims of the WorldCom fraud as quickly as we can.”
“The settlement is a result of our careful and in-depth scrutiny of Nortel's proprietary financial information, which was analyzed by our investment banking team.”
“If the message that emerges after WorldCom and Enron is that the executives who preside over corporate fraud are ruined, that is a message I support 100 percent.”
“You have to wonder how the auditors and investment bankers could have missed so many 11th-hour deals involving hundreds of millions of dollars at a time.”