MCI is suing former CEO Bernie Ebbers in a bid to recover more than $400 million in loans and interest, according to published reports. The lawsuit was filed in U.S. Bankruptcy Court for the Southern District of New York. Ebbers
has been charged with lying to securities regulators and fraud in connection with the former World Com's accounting scandal. He was CEO of WorldCom as the company built itself into a telecom behemoth through some 60 acquisitions. He stepped down in the spring of 2002, just months before the company collapsed under $11 billion of accounting missteps. Ebbers' former right-hand man, ex-financial chief Scott Sullivan, pleaded guilty in March to three conspiracy and securities fraud charges and is cooperating with authorities.