nortel

Two U.S. Federal judges have approved a proposed $2.45 billion settlement in a case filed against Nortel by shareholders. Judges Richard Berman and Loretta Preska issued their approval of the deal earlier this week. The settlement has Nortel paying ... $575 million in cash to shareholders. It also has the company issuing shares equal to about 14.5 percent of its current outstanding equity, or $1.64 billion based on Nortel's current stock value. (Source: hachinthebox.org ) The settlement will be paid to investors who purchased common stock or sold options between April 24, 2003 and April 27, 2004 ... (view more)