IN RE WORLDCOM, INC.

Bankruptcy No. 02-13533 (AJG), Adversary No. 03-92903 (AJG).

339 B.R. 56 (2006)

In re WORLDCOM, INC., et al., Debtors. WorldCom, Inc. and MCI WorldCom Network Services, Inc., Plaintiffs, v. General Electric Global Asset Management Services, Defendant.

United States Bankruptcy Court, S.D. New York.

February 7, 2006.


Attorney(s) appearing for the Case

Heller Ehrman LLP, by Carren B. Shulman, Esq., Jason Blumberg, Esq., New York, NY, by Peter J. Benvenutti, Esq., Peter J. Crosby, Esq., San Francisco, CA, for Plaintiffs WorldCom, Inc and

MCI Network Services, Inc.

Reed Smith LLP, Lance Gotthoffer, Esq., by Joseph O'Neil, Jr., Esq., New York, NY, for General Electric Global Asset Management Services.


OPINION REGARDING PLAINTIFFS' AND DEFENDANT'S MOTIONS FOR SUMMARY JUDGMENT

ARTHUR J. GONZALEZ, Bankruptcy Judge.

I. Introduction

Before this Court are the parties' June 20, 2005 Motions for Summary Judgment. Both the Plaintiffs, WorldCom, Inc. and MCI WorldCom Network Services, Inc. (collectively, "WorldCom" or "Debtor"), and the Defendant General Electric Global Asset Management Services (collectively, including...

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