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Nortel agrees to settle shareholder lawsuits

Feb 13, 20061 min

Latest edge news.

Nortel agrees to settle shareholder lawsuits, 02/08/06

Nortel said it has reached an agreement to settle two shareholder class-action lawsuits for $575 million in cash and 14.5% of Nortel’s current equity. The proposed settlement would total nearly $2.5 billion on an after-tax basis, Nortel said in a …

BellSouth, Vint Cerf debate ‘Net neutrality, 02/08/06

Broadband providers need the right to enter into commercial agreements that allow some Web sites to perform better than rival sites, a BellSouth executive said Wednesday. The executive spoke at a conference where “father” of the Internet, Vint Cerf …

IPO and new CEO at Vonage, 02/08/06

Vonage Holdings filed its initial public offering (IPO) with the Securities and Exchange Commission on Wednesday.

Lucent buys assets of beleaguered Riverstone, 02/07/06

Lucent and Riverstone Networks have signed a definitive asset purchase agreement under which Lucent will acquire substantially all of Riverstone’s business operations for $170 million in cash. Over the last year, Lucent and Riverstone have worked …

Broadband powerline vendor promotes ‘smart grids’, 02/07/06

Current Communications Group, a provider of broadband over powerline (BPL) services, announced Tuesday a network of companies designed to help electric utilities better manage and troubleshoot their networks after installing BPL equipment.