We must applaud the lawyers on both sides for s stellar performance in expediency.

It boiled down to either folding the company where everyone loses all or minimizing the plaintiffs losses through a negotiated settlement.

Who is to say if they could have at least negotiated 1/2 of the 10 billion sought without delay and further costs, or if at all. Perhaps the plaintiffs felt a bird in the hand is better than 2 in the bush and settled early. Who knows what hypothetical threats were tossed back and forth behind closed doors. One thing is for certain, this uncertainty alleviates some of S&P and Moody's concerns about undefined liabilities albeit they must still address repairing internal controls, which have been extended under safe harbour.

They sure did a number on the equities markets and investors lives though so I would take the exitement out of the term "fair" in fair settlement expressed by Chairman Pearce .

Settling the lawsuits with a leaner company bracing for the worst might benefit them in renewed customer confidence, this remains to be seen. In the meantime, lest we forget our Nortel casualties, I'd like to reiterate "Nortel 101 for the Retention Challenged" when assing further hurdles in their proverbial struggle.

1-Admitted fraud cost them $2.5B 2-financing unreliable & declining numbers required freezing cash is a poor excuse for a loan 3-Lost global orders and gambles 4-hypes measly orders 5-$6.6B debt 6-$2.4B cash 7-diluted 100M shares/yr 8-losing marketshare 9-declining margins 10-rated S&P "B-" 11-Moodys SGL-3 speculative grade rated with "negative outlook" 12-sold manufacturing 13-sold headquarters 14-slashed most R&D facilities 15-internal controls is years to repair now, not 18 months as they said a year ago. 16-Flextronics not paying as NT announced 17-Stalled for almost a year in silence and a thousand accountants when they suddenly changed 18-dissatisfied" and still unreliable numbers in just 2 weeks 19-OSC forced bad news from their silence 20-board members resigned in plea bargain 21-board approved and received cash bonuses 22-board denied obvious red flags after 80 heated meetings 23-board granted 3 yrs. to repay bonus 24-fired 7 Sr. financial people only months after CEO/CFO on formal police criminal probe 25-stalled to last minute under delisting threat 26-vast majority of frauds "difficult to find" are still there "remaining silent under their councel's advice" 27-must settle to avoid court/exposure 28-growth/profit contradicted 29-"optimistic" Q404 was poor 30-hyped Q205 hid the bad news 31-declining since 2003 fraud 32-2004 lowest sales since mid 1990's 33-2005 lower earnings than 2004 34-once stoic SEC now inhibits their forecasts 35-no credibility 36-RCMP/OSC/SEC/DOJ/FBI regulatory/criminalinvestigations 37-government & SEC fines 38-fixed votes at AGM to keep bonuses 39-operating under "safe harbour" 40-top people suddenly depart 41-even chief legal officer/bonus recipient retires before NT's largest lawsuit 42-slandered Gary left pessimsitic 43-Owens even suddenly gone in CEO turnstile 44-new first time CEO arrives with his own fraud 45-shareholder & employeeS suing them 46-$9B in fraud damage 47-unreliably moved $3.1B 48-always overvalued/disappoints 49-lost BT $19-$24B tender who used everyone but NT 50-Even Canadian companies like Sprint,HBC, and BMO won't buy from NT 51-almost went bankrupt (most do thereafter) 52-high costs 53-high severences 54-closed campuses 55-failed gambles 56-analysts "hated" PEC deal 57-institutions require several successful quarters and SEC approval 58-fraud adds teeth to older bubble lawsuit 59-worse off now than at 45 cents 60-peers grow 61-Too many suffered for their lies 62-arrogance 63-Cubb recinds ins. coverage 64-Telecom increasingly profitless 65-Corporations hoarding cash at 1959 record levels 66-BSNL below cost 67-Neptune dead 68-ongoing lower prices 69-Asian competition 70-LU/CISCO eating their pie 71-customers merger 72-No more big orders 73-financing to zero 74-fraud effects business 75-Shrinking staff demotivated 76-bad news ongoing 77-bloated share due to those holding from fraud rally 78-accounting costs 79-legal fees 80-premium paid for CEO with poor communications 81-ads/slogans target general public to sell shares than product 82-industry consolidating, NT shrinking & losing gambles 83-bad reputation 84-negative cash flow 85-exports jobs for losing orders 86-20% of workforce gone 87-EDC welfare 88-Putian uses Noika now 89-ambiguity in disclosure 90-Vorizon dead 91-BSNL losses into 2006 92-restructuring losing in linear death spiral 93-Worst to come 94-declining share price 95-endless surprises 96-wireless their largest area is decling 97-ruins economy/markets 98-endless contradictions 99-a penny stock with no refunds 100-nightmare trend/outlook 101-also see "risks and uncertainties" at bottom of each press release

where can I find info for share holders about the lawsuit ?

you can find information here: http://www.nortelsecuritieslitigation.com/

I am a small investor ($40,000.) compared to institutional investors.
Where do I go to secure a reasonable chance for a fair settlement.
I still have all the shares I bought --just before the "crash!"
Perhaps there are many other investors out there who would like to join me in securing a class action suit against Nortel and all their X officials or otherwise.
Five years is long enough to wait for any foreseeable turn-around. I cannot see one within my life time. I am now 68 years old!
Thank-you.

Gentlemen,
I reside outside the US and Canada. I bought Nortel stock in October 2000 basing my decision on the company's then apparent good preformance and its positive outlook. Although my investment has been decimated I continue to hold the stock. Can I participate on the settlement plan offered by the company and if so, how can I proceed?
Thanking you in advance for your response,
Yours truly,
R. Salomon

I am a Nortel stock holder. How do I know that I am included in the class action against Nortel. If I am included, how do I submit my claims.

You have to know if you joined the class action suit or not!
If not you should join other investors in a new (or existing) class action suit.

Contact Nortel at 1(866) 881-7495 or visit: www.nortelsecuritieslitigation.com
Good luck.
cwritchie@cogeco.ca
Let me know if you see this advice.
Bill Ritchie.

I purchased Nortel com stock on July 27 2000 and again on March 6th 2001. These dates are outside the agreed dates for settlement with Nortel in their latest class action suit..
QUESTION---Has anyone started a class action suit on behalf of the thousands of Nortel investors that do not qualify for the latest class action settlement.
If you are an investor in Nortel stock who qualifies for another class action suit, please reply to this message.
Thank you.

I suggest anyone reading this reply should consider contacting me to join in on a class action suit if you were not a claimant under the above suit. cwritchie@cogeco.ca
Pass this message on to your friends etc.

Nortel has just blown me and all other investors like me out of the water!
I purchased Nortel com. shares just before the "crash" and then bought their shares again at around $30.per share.
I tried to place my investment with Nortel into a position for future recovery some years down the road!
My financial plan has now been "blown apart" with the introduction of the "one share for 10 shares" effective December 1st., 2006.
This new arrangement means that Nortel's stock would have to go up to $600. per share for me to recover my investment!
I am sure there are thousands of "small" investors out there that are in the same boat as myself. You thought the same as I did and have reinvested in Nortel as I did in order to recover your losses eventually.
Well that is NOT going to happen within anyone's life time.
There is no other alternative but to sue Nortel for an out-of-court settlement and the sooner the better.
If you wish to join me you can e-mail me at: cwritchie@cogeco.ca
Anyone else wanting to participate in this discussion or has any other ideas on what to do, please reply here.
Thank you for reading this investor's story about investing in our Canadian corporation called -- NORTEL!

If you did not qualify or have not participated in the two law suits against Nortel Networks Inc (Nortel 1 and/or Nortel 2) then you should read this true story and e-mail the writer with your comments about a possible class action suit and/or just click reply with other comments if you desire---Thanks.

Has anyone out there realized that Nortel Networks has just ROBBED the little guy's investment in their corporation.
Any Nortel shareholders who were looking to cover their losses by buying Nortel stock as it declined over the past six years are all out of luck!

(Please keep in mind that this is all 20/20 vision giving us the advantage of looking back at Nortel's performance).

Here's my true story:
On January 28th 2000 I sold 1000 shares of CIBC at $37.65 each because they seemed to be very "dormant" at that time. (now $98.00)!
The technology industry appeared very attractive at that time, so I used the CIBC proceeds to purchase and sell BCE / Nortel shs over the next few months.
On July 27th 2000 I purchased 350 Nortel com.shares at $117.15 because the news from "inside Nortel" was that the stock could go up to as much as $150.00 per share.
Believe it or not, that was the information my son (who was in the telecommunications field) got from a secretary at Nortel just before the "crash."
Before buying the 350 Nortel shares, I had a short conversation with the CIBC trader that day and I wanted him to place a sell order if the stock fell to $115.00. He told me he would not do that because he was just a stock trader.
Because of all the positive information coming out of Nortel and news of their future growth etc., I went ahead and purchased the 350 shares.
The stock continued to go up. When it reached my intended short term target of $122.00. I tried to sell but the telephone lines were forever busy at the CIBC trader's desk in Toronto. As a result, I suffered a substantial loss in stock value.
On March 6th 2001 I bought another 350 Nortel shares at around $29.35 as there was a "short lived" upward movement. However the stock dropped sharply again. It continued to go down to a low of around 50 cents per share. By this time I have given up and just hoped for the best!

Because of Nortel's "one for 10 shs" reverse split---effective December 1st. 2006, I only hold 70 shs now instead of 700 shs.
My financial plan for future recovery has now been "blown apart---BIG TIME!"

I was trying to position my Nortel investment for future recovery at around $74.00 a share. (74. X 700 shs = $51,800.)
I knew it may not be during my life ( I'm 68 ) but during my Children's, Grandchildren's or even my Great-Grandchildren's lifetime!

This new arrangement means that Nortel's stock will have to go up to $740.00 per share ( $740. X 70 shs = $51,800 ) before my ancestors can recover the $51,800. investment! ( due to inflation and lack of dividends etc it will be much more than that ).
I am sure there must be many "small investors" out there that are in the same predicament as we are. They thought the same as we did and reinvested in Nortel to eventually recover or minimize their losses. Well that my friend is NEVER going to happen within anyone's life time!

Nortel leaves us and all others in our position, no other alternative but to insist on a fair and equitable settlement through the courts if necessary.

Given what has transpired over the past six/seven years, there is no doubt at all Nortel's executives (past and present) are completely responsible for the major downfall of Nortel's shares and for any hope of recovery by investors like us.

Example:
The reverse split of ten shareholder's shares for one of Nortel's shares.
Factitious sales reports coupled with their inaccurate "audited" financial statements is totally unacceptable in Canada (or any other country for that matter) .

Thank you for reading this investor's true story about investing in our Canadian Corporation called -- NORTEL NETWORKS.

Your thoughts and any advice to pass on will be appreciated.

cwritchie@cogeco.ca

Don't be shy---let me know regarding this outrageious move by Nortel without any consideration of their smaller investors. "What do you think--good or bad?"
cwritchie@cogeco.ca

Don't be shy---let me know regarding this outrageous move by Nortel without any consideration of their smaller investors. "What do you think--good or bad?"
cwritchie@cogeco.ca

Hi to you all and thanks for this forum.

I too hold NT shares however, I ma by no means a big time investor. I have purchased my shares through BMO Investorline back when the shares sold for about 4$ and 15$ a share. I only invested 1500.00 of my money but I guess it is all relative. 1500.00$ dollars to my family and I is alot of money. I am appalled at the 10 for 1 reverse split and now, like everyone else am in a position to probably never realize a profit (like that has ver been an possibility! note the intended sarcasm).
I am not well versed in all the technical legal jargon concerning the Nortel situation (ie class action suits for the small investor tec) but would like to be apart of any suit.
How do I go about it and what do I do?

Thank you for your time and this forum.........

have a Merry Christmas despite the omnipresent Grinch and Scew- ge!

Cheers

Chris

Hi Chris.
Merry Christmas to you too.
I am keeping a record of who has Nortel shares, how many (BEFORE December 1st 2006) and the investor's e-mail address.
If you care to join us, just use this E address below and I'll keep you informed of further developments---no charge!!
Cheers, Bill Ritchie.
cwritchie@cogeco.ca

Attention NORTEL NETWORKS Shareholders:
If you did not qualify or have not participated in the two law suit settlements from Nortel Networks Inc (Nortel 1 and/or Nortel 2) then you should read this true story and e-mail the writer with your comments with some details about a possible class action lawsuit.

(Please keep in mind that this is all "20/20 vision" giving us the advantage of looking back at Nortel's performance).

Has anyone out there realized that Nortel Networks has just ROBBED the little guy's investment in their corporation.
All Nortel shareholders who were looking to cover their losses by buying Nortel stock as it declined over the past six years are all out of luck!

Here's my true story:
On January 28th 2000 I sold 1000 shares of CIBC at $37.65 each because they seemed to be very "dormant" at that time. (now $98.00)!
The technology industry appeared very attractive at that time, so I used the CIBC proceeds to purchase and sell BCE / Nortel shs over the next few months.
On July 27th 2000 I purchased 350 Nortel com.shares at $117.15 because the news from "inside Nortel" was that the stock could go up to as much as $150.00 per share.
Believe it or not, that was the information my son (who was in the telecommunications field) got from a secretary at Nortel just before the "crash."
Before buying the 350 Nortel shares, I had a short conversation with the CIBC trader that day and I wanted him to place a sell order if the stock fell to $115.00. He told me he would not do that because he was just a stock trader.
Because of all the positive information coming out of Nortel and news of their future growth etc., I went ahead and purchased the 350 shares.
The stock continued to go up. When it reached my intended short term target of $122.00. I tried to sell but the telephone lines were forever busy at the CIBC trader's desk in Toronto. As a result, I suffered a substantial loss in stock value.
On March 6th 2001 I bought another 350 Nortel shares at around $29.35 as there was a "short lived" upward movement. However the stock dropped sharply again. It continued to go down to a low of around 50 cents per share. By this time I have given up and just hoped for the best!

Because of Nortel's "one for 10 shs" reverse split---effective December 1st. 2006, I only hold 70 shs now instead of 700 shs.
My financial plan for future recovery has now been "blown apart---BIG TIME!"

I was trying to position my Nortel investment for future recovery at around $74.00 a share. (74. X 700 shs = $51,800.)
I knew it may not be during my life ( I'm 68 ) but during my Children's, Grandchildren's or even my Great-Grandchildren's lifetime!

This new arrangement means that Nortel's stock will have to go up to $740.00 per share ( $740. X 70 shs = $51,800 ) before my ancestors can recover the $51,800. investment! ( due to inflation and lack of dividends etc it will be much more than that ).
I am sure there must be many "small investors" out there that are in the same predicament as we are. They thought the same as we did and reinvested in Nortel to eventually recover or minimize their losses. Well that my friend is NEVER going to happen within anyone's life time!

Nortel leaves us and all others in our position, no other alternative but to insist on a fair and equitable settlement through the courts if necessary.

Given what has transpired over the past six/seven years, there is no doubt at all Nortel's executives (past and present) are completely responsible for the major downfall of Nortel's shares and for any hope of recovery by investors like us.

Example:
The reverse split of ten shareholder's shares for one of Nortel's.
Factitious sales reports coupled with their inaccurate "audited" financial statements is totally unacceptable in Canada (or any other country for that matter) .

Thank you for reading this investor's true story about investing in our Canadian Corporation called -- NORTEL NETWORKS.

Your thoughts and any advice to pass on regarding a possible class action suit will be appreciated.

cwritchie@cogeco.ca

10 for one NT shares.
Keep those e-mails coming.
If you had Nortel shares as at December 1st, 2006 and did not participate in any recent law suite settlements with NT then send me your e-mail with how many shares you have purchased over the past 6/7 years.
cwritchie@cogeco.ca

I am an existing Nortel shareholder since 2002 but have not participated in any of the class action suits to date. Am I too late?

Hi I also have bought shares outside of the required dates and some within. I was wondering what information is there about further action from outside that timeframe. Please let me know.

panagioti_papa@hotmail.com

Thanks

Contact me at: cwritchie@cogeco.ca for further information about a class action suit against Nortel.
Anyone else interested please e-mail typing 1 for 10 Nortel in the subject heading.
Thanks, Bill.

I too just found out today that my 469 shares that was bought before my lay-off from Nortel along with thousands of othersis basically worthless. Due to the reverse split the value went down from $11,000 to $1000.00. Frauds! They really are frauds! I held on hoping but in the end I just want to get this company out of my life once and for all. Every chance I get I share my grief and sorrow about this company and can only hope that they will lose it all in the end, just like I did.

If you paid less than say, $5. per share there may be a chance your NT investment is recoverable, if the stock goes up to $50. per share!
It appears you paid around $23. if you purchased all 469 shares on the same day!
In any case, after lengthy communications over the past 7 months with Nortel they claim that the courts have decided that the two global settlements are final and they will not entertain any further class action law suites against Nortel! The executives of Nortel also state that all lawsuits are disclosed in their quarterly financial reports. That is the only way they make such information public.
Good luck with any lawsuit against Nortel.