Judge suspends Ebbers fraud trial until Wednesday

[JURIST] US District Judge Barbara Jones Monday suspended the fraud trial of former WorldCom chief Bernard Ebbers until Wednesday without explanation. The postponement comes just before the defense's cross-examination of the government's star witness, Scott Sullivan, the former finance chief at WorldCom. Sullivan implicated Ebbers [JURIST report] in the company's $11 billion accounting fraud during his testimony. Specifically, Sullivan cited to a memo he sent to Ebbers warning of a WorldCom unit's inability to pay its dividend. Ebbers, charged with fraud, conspiracy, and making false filings to the SEC, has denied any wrongdoing. Read Ebbers' indictment [text, PDF] and the superseding indictment [text, PDF]. AP has more.



 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.