Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why were there two Settlements against Nortel Networks (“Nortel”)?

April 26, 2017Nortel nortel networks settlements

0

Posted

Why were there two Settlements against Nortel Networks (“Nortel”)?

1 Answer

0

Posted

Nortel was alleged to have misrepresented its financial condition during two separate time periods. One of the Settlements related to a class that purchased Nortel common stock or options during the period October 24, 2000 through February 15, 2001, inclusive (the “Nortel I Class”). The other Settlement related to a class that purchased Nortel common stock or options during the period April 24, 2003 through April 27, 2004 inclusive (the “Nortel II Class”). A person could have been a member of the Classes in both Settlements if that person had transactions in Nortel common or options during both time periods.