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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (14502)2/8/2006 10:32:17 AM
From: Conky Lives!  Respond to of 14638
 
Its always entertaining to see what dopey nortel is up to:

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$2.5B deal in Nortel lawsuit
Feb. 8, 2006. 09:08 AM
CANADIAN PRESS

Nortel Networks Corp. is proposing to pay $2.5 billion (U.S.) in cash and stock to settle two shareholder class-action lawsuits in the United States over an accounting scandal in 2004.



To: tom pope who wrote (14502)2/8/2006 10:33:35 AM
From: OrionX  Read Replies (1) | Respond to of 14638
 
Tom,

So, who gets what? Do all shareholders of record at the time of the restatement get their portion regardless of whether they signed up to the lawsuit or not? Plus, there's no clear mention of how much of this total sum will be covered by insurance which should reduce the actual cash outlay for the company.


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