IT Pulls Its Weight In Long Climb Out Of Bankruptcy

摘要

In a rapid dive four years ago, Global Crossing went from telecom industry highflier to bankruptcy protection. The company's downfall was $12.4 billion in debt incurred building a 100,000 mile fiberoptic network. Investors filed suits accusing Global Crossing of falsifying financial filings to hide losses, resulting in a Securities and Exchange Commission investigation that ended last year without formal charges.