Global Crossing

November 24 2004

A $79 million dollar settlement has been granted final approval in the class action lawsuit filed on behalf of workers and retirees of the Global Crossing retirement plan. The suit was filed after the company's 401(k) plan lost tens of millions of dollars when its extensive stock holdings in Global Crossing stock became virtually worthless after the company filed for bankruptcy in 2002. (Nov-17-04) [US NEWSWIRE]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no obligation, please fill in the form to the right to submit your complaint.