© 2025 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Classical 92.7fm is currently off the air. Please listen to our Classical signal via streaming, on 91.3 HD2 and, in the Southport area, at 96.7fm. We apologize for the inconvenience and hope to have it back on the air soon.

Citigroup to Pay $2.65 Billion in WorldCom Settlement

Citigroup agrees to pay $2.65 billion to settle a class-action suit brought by investors over its role in the WorldCom scandal. Citigroup's Salomon Smith Barney issued optimistic research reports on WorldCom and helped it raise money by selling its securities. The money will be paid to those who held company shares between 1999 and 2002, when the telecom giant declared bankruptcy. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.