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IN RE WORLDCOM, INC.

No. 02-13533 (AJG).

361 B.R. 675 (2007)

In re WORLDCOM, INC., et al., Reorganized Debtors.

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

February 13, 2007.

Attorney(s) appearing for the Case

Norman E. Beal, Esq., Mark A. Shaiken, Esq., Stinson Morrison Hecker LLP, Special Counsel, Kansas City, MO, for Reorganized Debtors.

Frederick J. Sperling, Esq., Eugene J. Geekie, Jr., Jason M. Torf, Schiff Hardin LLP, Chicago, IL, A. Peter Lubitz, Esq., New YorkCity, for Michael Jordan.

OPINION REGARDING CROSS-MOTIONS FOR SUMMARY JUDGMENT BROUGHT SEPARATELY BY MICHAEL JORDAN AND WORLDCOM, INC.

ARTHUR J. GONZALEZ, Bankruptcy Judge.

INTRODUCTION

Before the Court are cross-motions for summary judgment separately brought by Michael Jordan ("Jordan") and WorldCom, Inc. (hereafter referred to as the "Debtors" or "MCI").

BACKGROUND

On or about July 10, 1995, Jordan and the Debtors entered into an endorsement agreement...

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