Federal judges have signed off on an estimated $2.4-billion settlement between Nortel Networks Corp. and its shareholders after the Canadian telecommunications giant revised financial results between 2001 and 2005.
The settlement will be paid out to investors who purchased common stock or sold options of Nortel stock between April 24, 2003, and April 27, 2004, as well as between Oct. 24, 2000, and Feb. 15, 2001.
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