/Users/andrea/_magisterarbeit/korpus/clean/trainkorpus/24/file_224p.html NN ----------------------------------------- : Dynamic JJ Daring NP Daily NP Front NP Page NP Metro NP Business NP International NP Sports NPS National NP Editorial NN Page NP Eight CD Feature NN ARCHIVE NP MAIN JJ PAGE NN Judge NP okays VVZ WorldCom NP settlement NN REUTERS NP , , PHILADELPHIA NP , , July NP 8 CD A DT federal JJ judge NN on IN Monday NP approved VVD WorldCom NP Inc NP s PP plan VVP to TO pay VV a DT record JJ 750 CD million CD to TO settle VV fraud NN charges NNS in IN its PP$ historic JJ accounting NN scandal NN , , clearing VVG another DT hurdle NN for IN the DT beleaguered JJ telecommunications NN company NN s PP emergence NN from IN bankruptcy NN . SENT US NP District NP Judge NP Jed NP Rakoff NP in IN New NP York NP gave VVD the DT green JJ light NN to TO WorldCom NP s PP settlement NN with IN the DT Securities NPS and CC Exchange NP Commission NP , , which WDT calls VVZ for IN the DT company NN to TO pay VV 500 CD million CD in IN cash NN and CC 250 CD million CD in IN new JJ stock NN in IN the DT reorganized VVN company NN . SENT The DT payout NN will MD be VB distributed VVN to TO bondholders NNS and CC shareholders NNS who WP lost VVD more JJR than IN 200 CD billion CD in IN the DT company NN s PP downfall NN , , which WDT was VBD triggered VVN by IN its PP$ 11 CD billion CD accounting NN scandal NN . SENT WorldCom NP agreed VVD to TO sweeten VV the DT payout NN with IN stock NN after IN Rakoff NP raised VVD questions NNS about IN the DT settlement NN . SENT The DT proposed VVN settlement NN is VBZ not RB only RB fair JJ and CC reasonable JJ but CC as RB good JJ an DT outcome NN as IN anyone NN could MD reasonably RB expect VV in IN these DT difficult JJ circumstances NNS , , Rakoff NP said VVD in IN his PP$ order NN . SENT The DT monetary JJ fine NN was VBD initially RB set VVN at IN 1 CD . SENT 5 CD billion CD , , and CC later RBR increased VVD to TO 2 CD . SENT 25 CD billion CD to TO reflect VV the DT revised VVN settlement NN , , but CC WorldCom NP will MD pay VV only RB 750 CD million CD because IN it PP is VBZ in IN bankruptcy NN . SENT The DT settlement NN still RB must MD be VB approved VVN by IN the DT bankruptcy NN court NN . SENT Several JJ rivals NNS , , such JJ as IN AT IN T NN Corp NP and CC Verizon NP Communications NPS Inc NP , , had VHD argued VVN that IN the DT settlement NN and CC bankruptcy NN reorganization NN process NN would MD let VV WorldCom NP escape VV too RB easily RB and CC slash VV its PP$ 41 CD billion CD debt NN load NN to TO a DT fraction NN of IN that DT amount NN . SENT The DT court NN , , however RB , , rebuffed VVD the DT rivals NNS arguments NNS that IN WorldCom NP should MD be VB liquidated VVN . SENT Despite IN whatever WDT advantages NNS in IN debt NN reduction NN WorldCom NP will MD realize VV . SENT . SENT . SENT any DT suggestion NN that IN companies NNS as IN large JJ and CC well RB positioned VVN as IN Verizon NP and CC AT IN T NN will MD not RB be VB able JJ to TO compete VV effectively RB with IN the DT new JJ WorldCom NP MCI NP lacks VVZ credence NN , , the DT judge NN said VVD in IN his PP$ order NN . SENT WorldCom NP , , based VVN in IN Ashburn NP , , Virginia NP , , previously RB agreed VVD with IN the DT SEC NP not RB to TO violate VV securities NNS laws NNS in IN the DT future NN . SENT It PP has VHZ made VVN several JJ moves NNS to TO distance VV itself PP from IN the DT accounting NN scandal NN and CC its PP$ past JJ management NN team NN . SENT The DT company NN did VVD not RB admit VV or CC deny VV wrongdoing NN . SENT It PP still RB faces VVZ lawsuits NNS from IN shareholders NNS . SENT In IN forging VVG the DT settlement NN , , the DT SEC NP said VVD on IN Monday NP it PP took VVD into IN consideration NN WorldCom NP s VVZ cooperation NN with IN the DT agency NN and CC the DT remedial JJ acts NNS it PP made VVD to TO strengthen VV its PP$ corporate JJ governance NN . SENT We PP have VHP committed VVD to TO being VBG a DT role NN model NN of IN corporate JJ governance NN and CC the DT significant JJ changes NNS we PP have VHP already RB implemented VVN are VBP a DT testament NN to TO that DT commitment NN , , WorldCom NP Chairman NP Michael NP Capellas NP said VVD in IN a DT statement NN . SENT The DT company NN has VHZ overhauled VVN its PP$ board NN of IN directors NNS , , hired VVD a DT new JJ chairman NN and CC a DT new JJ chief JJ financial JJ officer NN , , and CC installed VVD more JJR stringent JJ procedures NNS in IN its PP$ accounting NN department NN . SENT The DT court NN is VBZ aware JJ of IN no DT large JJ company NN accused VVN of IN fraud NN that WDT has VHZ so RB rapidly RB and CC so RB completely RB divorced VVN itself PP from IN the DT misdeeds NNS of IN the DT immediate JJ past NN and CC undertaken VVN such JJ extraordinary JJ steps NNS to TO prevent VV such JJ misdeeds NNS in IN the DT future NN , , Rakoff NP said VVD in IN his PP$ order NN . SENT Later RBR this DT month NN , , a DT court NN appointed VVN monitor NN is VBZ scheduled VVN to TO release VV a DT report NN with IN other JJ recommendations NNS to TO strengthen VV WorldCom NP s PP corporate JJ governance NN . SENT COPYRIGHT JJ NEW JJ AGE NN 2003 CD Mailing NN address NN Holiday NP Building NP , , 30 CD , , Tejgaon NP Industrial NP Area NP , , Dhaka NP 1208 CD , , Bangladesh NP . SENT Phone NN 880 CD 2 CD 8114145 CD , , 8118567 CD , , 8113297 CD Fax NN 880 CD 2 CD 8112247 CD Email NP newage NN bangla NN . SENT net JJ Web NP Designer NN Zahirul NP Islam NP Mamoon NP