WASHINGTON (MarketWatch) - Several former Nortel Networks Corp. executives, including onetime CEO Frank Dunn, have been charged by Canadian authorities with fraud in connection with efforts by the ...

TORONTO (AP) — The former chief executive of bankrupt Nortel Networks and two former senior executives were found not guilty Monday of falsifying financial reports in what prosecutors said was a ...

Yet Nortel's bookkeeping was not innocent in the sense of candid financial reporting. The year-long trial of the Nortel Three gave a behind-the-scenes look at the company's accounting practices.

Nortel was a market leader in the late 1990s, but its value plummeted when the market collapsed in 2001 and sales dropped by 50 percent. Since then, Nortel's workforce has shrunk to 34,000 ...

Nortel Networks Corp. said Friday it will buy Alteon Web Systems Inc. for roughly $7.8 billion in stock, marking its first foray into the fast-growing Web hosting market.

Lucent Technologies and Nortel Networks, longtime rivals in the telecommunications equipment market, are competing once again--this time in the market for chief executives. Nortel CEO John Roth ...

Former Nortel CEO, executives charged with fraud. Skip to content. All Sections. Subscribe Now. 58°F. Tuesday, June 3rd 2025 ... 53, and former corporate controller Michael Gollogly, 49.

Each former executive faced two counts of fraud after being accused of participating in a book-cooking scheme from 2002 to 2003 designed to trigger $12.8 million in bonuses and stocks for themselves.

Lucent Technologies and Nortel Networks, longtime rivals in the telecommunications equipment market, ... Compaq later promoted Chief Operating Officer Michael Capellas to be its chief executive.