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A judge in Canada found three former Nortel Networks executives innocent Monday in a case of alleged accounting fraud.
Three former top executives of Canada's Nortel Networks Corp., were charged near Toronto Thursday by the Royal Canadian Mounted Police with fraud.
Nortel Networks Corp. agreed to pay $1 million to settle the Ontario Securities Commission's probe of its accounting-fraud charges, the regulator said Tuesday.
U.S. securities regulators Monday charged Nortel Networks' former Chief Executive Frank Dunn with cheating investors out of billions of dollars.
Toronto-based Nortel Networks Corp. said Wednesday it will incur a charge to earnings of $2.47 billion to settle two class-action lawsuits.
Nortel Networks, seeking to get back about $13 million of bonuses from three former executives, has sued them saying they breached their fiduciary duty.
Struthers Inc. of South Carolina said Tuesday it plans to acquire privately held SeaSearch Scientific Corp.
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