New York (April 15, 2003) - Communications concern WorldCom Inc., whose accounting fraud of roughly $11 billion was the driving impetus for the passage of Sarbanes-Oxley, is filing a reorganization plan April 15 that would allow it to emerge from bankruptcy protection later this year.

The company said it would also change its corporate moniker to MCI and relocate its headquarters to Ashburn, Va., from Clinton, Miss.

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