New York officials have reached a settlement with the final trio of former WorldCom executives named in a shareholder lawsuit.
State comptroller Alan Hevesi announced the settlements Tuesday, saying former chief financial officer Scott Sullivan must liquidate his 401(k) account, valued at about $200,000, and also sell a mansion he was building in Florida, valued at $5 million after accounting for a number of liens on the property. Proceeds would go to WorldCom shareholders.
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