In the fraud trial of Ebbers, Sullivan claimed this information was passed to Ebbers two weeks before he assured investors in a television interview that the company would be able to make the payment.
Prosecutors produced a hand-written note in which Sullivan claimed there would be ‘insufficient cash to pay the dividend’, later playing the CNBC interview where Ebbers explicitly stated the dividend was not in danger.
Judge Barbara Jones then suspended the trial, for unexplained reasons, delaying the cross-examination of Sullivan by the defence, who are expected to try and discredit his credibility as a witness.
WorldCom, now called MCI, is on the verge of a £3.5bn takeover by US telecommunications rival Verizon.
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting
Richard Lewis has been appointed to the firm's restructuring and recovery services team
As KPMG celebrates its annual inclusion week, Anna Purchas, head of learning at KPMG in the UK, discusses why investing in talent is a priority for the firm