Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: AreWeThereYet who wrote (14631)	1/16/2009 4:11:24 PM
From: waitwatchwander	of 14638

Teachers' arrogant role at Nortel, BCE The Ontario government-backed OTPP was a key player in the legal war that ruined Nortel, a battle fought over alleged accounting wrongdoing by former Nortel CEO Frank Dunn. In a bizarrely self-serving move, Teachers participated in class action lawsuits that helped cripple Nortel. With other shareholders in U.S. court, Teachers forced Nortel to settle the suits with a payment of $2.4-billion. That blood money, paid to Teachers and other minority Nortel shareholders, drained the company of cash, hurt its ability to survive and compete and penalized the company and other shareholders who were not part of the suit. network.nationalpost.com

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