Telecommunications giants MCI and AT&T have settled several claims they have against each other, including a September 2003 AT&T lawsuit that alleged MCI had fraudulently redirected millions of dollars worth of call-routing fees to AT&T.
On Monday, MCI filed an agreement to end the companies' claims against each other with the judge overseeing its ongoing bankruptcy proceedings. The terms of the agreement were not disclosed, but AT&T agreed to end its call-routing lawsuit against MCI, and MCI agreed to withdraw its responding contempt-of-court claims against AT&T.
The two companies also agreed to settle claims against each other for access and other charges unrelated to the AT&T lawsuit. MCI, still officially known by its prebankruptcy name of WorldCom, had claimed AT&T owed it $220 million in access fees, and AT&T had claimed MCI owed it more than $100 million in access fees, according to the MCI document filed with the U.S. Bankruptcy Court for the Southern District of New York. Each company had disputed the other's claims.
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News source: InfoWorld