Comments on: Another Class-Action Lawsuit

By: NortelTragedy

NortelTragedy — Sun, 25 Oct 2009 00:54:09 +0000

More executives that just Z and Pavi knew what was going on. I tried to get some approvals for investment in August '08 and was denied up to Dennis Cary, citing a “financial situation” — they knew as early as August or September that Nortel would be filing BANKRUPTCY.

Look at Richard “DICK” Lowe, for prime example of INSIDER TRADING, pulling his $$$$$ out while paying a 10% penalty. Dick should go to jail along with Z, Hackney, Carey, Pavi and other “leaders”.

By: NortelTragedy

NortelTragedy — Sat, 24 Oct 2009 20:54:09 +0000

Look at Lowe, for prime example of INSIDER TRADING, pulling his $$$$$ out while paying a 10% penalty. Dick should go to jail along with Z, Hackney, Carey, Pavi and others.

By: yes4aapl

yes4aapl — Tue, 16 Jun 2009 05:39:28 +0000

Hey Helmet Head.
Class Action lawsuits don't matter when you are under BP.
When they come out of BP there won't be any outstanding lawsuits.
Everything will be settled.
soundslikesourgrapes
====
re
See the pattern in that chaos
In my opinion, the new class actions are mounting to give shareholders a say in BK proceedings.
I remember my posts about Six Big Losers
six biggest hedge funds
Brandes, Wellington....and others
They were losing Big on NT.
They believed in numbers Mike Z reported quarter after quarter
They believed in the Turn Around Story he fed them,.
If they prove they were defrauded, they will have a chair in the BK proceedings.
read the claim numbers
There is power in these numbers
Class Period May 2, 2008 – September 17, 2008

Lost stock value multiplied by 500 mill shares!

check the link
http://www.csgrr.com/csgrr-cgi-bin/mil?case=nor...

Helmet Head.
........update......
Today I saw another one
You know why?
Because investors lost sooo much on NT, because the pain is so bad, because BK protection pushed the real investors out of the picture... because of that they are coming back!
Yes.
Investors found the back door to come back to the negotiating table.
They claim to be defrauded by crooked company and they want to have their voices heard during BK proceedings.
read this
http://finance.yahoo.com/news/Kendall-Law-Group...
it's been 3rd class action

By: yes4aapl

yes4aapl — Sun, 14 Jun 2009 10:01:52 +0000

Hey Helmet Head.
Class Action lawsuits don't matter when you are under BP.
When they come out of BP there won't be any outstanding lawsuits.
Everything will be settled.
====
re
See the pattern in that chaos
In my opinion, the new class actions are mounting to give shareholders a say in BK proceedings.
I remember my posts about Six Big Losers
six biggest hedge funds
Brandes, Wellington....and others
They were losing Big on NT.
They believed in numbers Mike Z reported quarter after quarter
They believed in the Turn Around Story he fed them,.
If they prove they were defrauded, they will have a chair in the BK proceedings.
read the claim numbers
There is power in these numbers
Class Period May 2, 2008 – September 17, 2008

Lost stock value multiplied by 500 mill shares!

check the link
http://www.csgrr.com/csgrr-cgi-bin/mil?case=nor...

Helmet Head.

By: soundslikesourgrapes

soundslikesourgrapes — Sat, 13 Jun 2009 23:37:07 +0000

Hey Helmet Head.
Class Action lawsuits don't matter when you are under BP.
When they come out of BP there won't be any outstanding lawsuits.
Everything will be settled.
Man.
You really are living on another planet.

By: yes4aapl

yes4aapl — Sat, 13 Jun 2009 22:49:40 +0000

Is it yet another class action law suite?
--first was
a class-action lawsuit filed by Coughlin Stoia Geller Rudman & Robbins LLP in the U.S. District Court, Southern District of New York.
--and this one
Holzer Holzer & Fistel, LLC Announces That It Has Filed a Shareholder Class Action Against Nortel Networks Corporation
http://ca.us.biz.yahoo.com/iw/090612/0510189.html

By: BonnetPhrygien

BonnetPhrygien — Fri, 29 May 2009 10:37:47 +0000

I don't even want to comment on that but I thought you should see it; it just feels so biased.

From Z's wikipedia page: http://en.wikipedia.org/wiki/Mike_S._Zafirovski

[...] Over the past three years, Zafirovski has slashed costs, redirected R&D, enhanced marketing and communications, and driven new relevance with key customers worldwide.
The recent economic downturn and credit crisis has stalled the turnaround as Nortel struggles to cope with the massive obligations on its balance sheet.

By: NortelEmp

NortelEmp — Thu, 28 May 2009 13:25:16 +0000

Not sure I follow your point. I suppose my comments do sound a bit harsh. Point is, Nortel has used financial reporting activities as a PR activity, which can be (and was) deceptive. Any emp who understood the business could see how the story was spun each quarter. Those who had their blinders on just saw “progress on the plan”. Some called it good leadership, others saw it as either ignorance or deception.

By: exnt_x_2

exnt_x_2 — Thu, 28 May 2009 09:36:32 +0000

"Nortel's quarterly results communication we're treated as a PR opportunity. Fabricated. Spinning of numbers and stories in an effort to indicate that the 5 year plan was working."

My God! That sounds like Communism.

And WiMax'ers were all Chinese.

Do you think there might be a connection?

By: NortelGal

NortelGal — Thu, 28 May 2009 01:41:14 +0000

Yes.