$2.47 Billion Class Action Settlement by Nortel Networks Corp二四七零零零零零零零美元一流的行動解決由北電網絡公司

Nortel Networks Corp agreed to settle two class action lawsuits for $2.47 billion.北電網絡公司同意解決兩個集體訴訟為二十四萬七千點零零零萬美元。 It was announced on Wednesday.據宣布,對週三。

According to the preliminary deal, worked out with a mediator, Nortel will pay to the plaintiffs $575 million in cash, 628,667,750 of its common shares, representing 14.5 percent of its equity, and contribute half of any recovery in ongoing litigation by Nortel against Frank Dunn, Douglas Beatty and Michael Gollogly, former senior officers terminated for cause in April 2004.根據初步協議,工作與調停,北電將支付給原告五萬七千五點〇 〇萬美元的現金, 628667750 ,其普通股股票,佔14.5 %的股權,並有助於一半的任何復甦,在正在進行的訴訟,由北電網絡對弗蘭克鄧恩道格拉斯華倫比堤和米歇爾戈洛哥利,前高級官員終止的原因在2004年4月。

The lawsuits filed by shareholders, stem from corporate governance disputes and concern executives who were dismissed from Nortel.該訴訟由股東,莖,從公司治理的糾紛和關注,行政人員被解僱,由北電網絡。

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