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In re WorldCom, Inc.
United States Bankruptcy Court for the Southern District of New York
361 Bankr. 675 (2007)
In July 1995, WorldCom Inc. (MCI) (defendant) entered into an endorsement agreement (the agreement) with Michael Jordan (plaintiff), by which Jordan gave MCI a 10-year license to use Jordan’s services to advertise MCI products. Under the agreement, Jordan was free to advertise other products and services as long as they were different from products and services produced by MCI. On July 1, 2002, MCI filed for bankruptcy and rejected the agreement. Jordan thereafter filed a claim for $8 million for breach of contract.
Rule of Law
Holding and Reasoning (Gonzalez, J.)
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