Defendant Name:
Nortel Networks Limited
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Nortel Networks Corporation
SIC Code:
3661
CUSIP:
65656850
Document Reference:
comp20333
Document Details
Legal Case Name
SEC v. Nortel Networks Corporation and Nortel Networks Limited
Document Name
Complaint
Document Date
15-Oct-2007
Document Format
Civil Proceeding
Case Number
07-cv-08851
Federal District Court
New York, Southern District of New York
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated: "Nortel Networks Limited (“NNL”) is Nortel’s principal operating subsidiary and,
at all relevant times, NNL and Nortel shared the same management slate, including CEO, CFO,
Controller and Assistant Controller. NNL’s financial results are consolidated into Nortel’s
publicly reported financial statements. NNL also files periodic reports with the Commission
containing its own financial statements. The conduct alleged in the Complaint resulted in NNL
materially contributing to Nortel’s misleading financial statements and caused NNL’s own
quarterly and annual financial statements and disclosures to be materially false and misleading
for at least the periods ending December 31, 2000 through December 31, 2003, and in all filings
made with the Commission that incorporated those financial statements and related disclosures
by reference, including registration statements."
Other Defendants in Action:
