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Posts Tagged ‘Worldcom’

Asians fail to join class action claims

According to Goal, almost $12bn in settlements, to which shareholders were entitled, was not reclaimed through class actions from 2000 to 2007. The list includes settlements against Enron, Worldcom, Parmalat and Royal Dutch Shell.

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European frauds such as Vivendi, Royal Dutch Shell and Parmalat demonstrated that corporate scandals were not confined to the US.

Post-Enron, post-Shell, post-WorldCom, post-Parmalat, the collective knickers of the business world are in a twist about ethics, and rightly so.

Click to continue reading “European frauds such as Vivendi, Royal Dutch Shell and Parmalat demonstrated that corporate scandals were not confined to the US.”