The Nortel SEC Fair Fund class action lawsuit revolves around claims that Nortel engaged in fraudulent schemes and plots to meet unrealistic revenue and earning reports. This inaccurate revenue and earnings were provided to Wall Street by the Nortel Networks Corporation in 2000 and again in 2002 and 2003. The Nortel Networks Corporation consented to a Final Judgment entered by the United States District Court for the Southern District of New York (the “Court”) on October 25, 2007.
Class members of the Nortel SEC Class Lawsuit Settlement include anyone who purchased Nortel common stock between October 24, 2000 through the close of the markets on February 15, 2001 and/or April 24, 2003 through the close of the markets on April 27, 2004 (the “Recovery Period”).
All proof of claim forms must be received no later than March 16, 2012. You can submit your Proof of Claim Form to the Distribution Agent at the address below:
Nortel SEC Fair Fund
c/o The Garden City Group, Inc.
PO Box 9530
Dublin OH 43017-4830
You should receive confirmation that your claim form was received within 60 days of the mailing date. If you do not receive confirmation within 60 days please call (888) 561-9182 and speak with a Distribution Agent. Other case documents can be found at the settlement administrators website such as the Distribution Plan, Order Approving Plan of Distribution, Distribution Plan Notice, Summary Notice, and the Proof of Claim Form. All documents are available in PDF Format.