Ebbers, Nacchio, Others in Hot Water

WSJ.com – Ebbers, Nacchio, Others Face Suit Over Hot IPOs ::New York State Attorney General Eliot Spitzer announced Monday that he is filing a civil suit against former WorldCom CEO Bernard Ebbers and four other top telecom executives over charges that the executives received shares of hot IPOs in exchange for steering their companies’ underwriting business to Salomon Smith Barney.

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