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Nortel Settles Class-action Lawsuits
By Mark Evans | June 21, 2006
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.
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Topics: Financials |
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