WorldCom Investors to Get $6 billion and Bernie’s House

This is good. A judge has just approved a legal settlement for World Com investors.

Under the settlement, Ebbers will give up many of his personal assets, including a multimillion-dollar home in Mississippi and his interests in a lumber company, a marina, a golf course, a hotel and several thousand acres of timberland. The Wall Street Journal estimated that the sale of Ebbers’s assets could generate up to $28m for the investors.

Update: Ebbers couldn’t be reached for comment.

Posted by Eddy Elfenbein on September 22nd, 2005 at 5:25 pm

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