WorldCom Inc. may face a lawsuit over the plunging value of its long-term bonds. William Lerach, a partner with Millberg Weiss Bershad Hynes & Lerach, said he is discussing filing suit under federal securities law against WorldCom and its investment bankers over losses incurred by bondholders who bought into the company’s $11.9 billion bond issue from a year ago.
Officials at WorldCom were unavailable for comment by press time.
