We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Nortel Execs Tied Into SEC Fraud Suit

Law360 (March 12, 2007, 12:00 AM EDT) -- Four former executives at Toronto-based Nortel Networks Corp. have been accused of taking part in a fraudulent financial scheme from September 2000 through January 2004 in order to meet earnings targets.

The U.S. Securities and Exchange Commission said Monday it initiated civil charges against Frank Dunn, a chief financial officer who was later promoted to chief executive; Douglas Beatty, who also served as chief financial officer; Michael Gollogly, a one-time controller; and MaryAnne Pahapill, a one-time assistant controller.

SEC’s allegations came as the Ontario Securities Commission...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.