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RPT-Court dismisses fraud charges against 3 Nortel executives
January 14, 2013 / 3:40 PM / 5 years ago

RPT-Court dismisses fraud charges against 3 Nortel executives

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TORONTO, Jan 14 (Reuters) - An Ontario Superior Court on Monday dismissed fraud charges against former Nortel Networks Chief Executive Frank Dunn and two other top executives of the failed telecom equipment supplier following a year-long trial involving one of the most spectacular casualties of the 1990’s dot-com bubble.

Dunn, along with former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly, had been accused of misrepresenting Nortel’s financial results between 2000 and 2004 in a plan that prosecutors alleged brought them bonus payments while defrauding investors. (Reporting By Susan Taylor and Allison Martell, writing by Cameron French; Editing by Janet Guttsman)

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