Nortel Settles Class-action Lawsuits

After reaching agreements to settle two Canadian lawsuits, Nortel has completed the settlement of two major class-action lawsuits in the U.S. for $2.47-billion. The deal includes $575-million in cash and 14.5% of Nortel’s common shares.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: