Washington, D.C., Oct. 15, 2007 - The Securities and Exchange Commission today filed civil fraud charges against Nortel Networks Corporation and its principal operating subsidiary Nortel Networks Limited (Nortel) alleging that Nortel engaged in accounting fraud from 2000 through 2003 to close gaps between its true performance, its internal targets and Wall Street expectations. Nortel is a Canadian manufacturer of telecommunications equipment.
Financial Fraud: Nortel Networks Pays $35 Million to Settle Financial Fraud Charges
Monday, October 15, 2007
Financial Fraud: Nortel Networks Pays $35 Million to Settle Financial Fraud Charges
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