WorldCom to Repay $6.1 Billion

The 830,000 individual and institutional shareholders who lost money when WorldCom fell apart three years ago, were handed a small triumph this week when U.S. District Judge Denise Cote ordered investment banks, auditing firms and the firm's former directors to return $6.1 billion. Citigroup will make the biggest payment, $2.8 billion, followed by $2 billion from JPMorgan Chase. Although Cote called the settlement "historic," lawyers for the plaintiffs noted that they will only receive pennies on the dollars they had invested in WorldCom.