Court dismisses fraud charges against 3 Nortel executives
TORONTO, Jan 14 (Reuters) - An Ontario Superior Court on Monday dismissed fraud charges against former Nortel Networks Chief Executive Frank Dunn and two other top executives of the failed telecom equipment supplier following a year-long trial involving one of the most spectacular casualties of the 1990's dot-com bubble.
Dunn, along with former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly, had been accused of misrepresenting Nortel's financial results between 2000 and 2004 in a plan that prosecutors alleged brought them bonus payments while defrauding investors.
(Reporting By Susan Taylor and Allison Martell, writing by Cameron French; Editing by Janet Guttsman)
TORONTO, Jan 14- An Ontario Superior Court on Monday dismissed fraud charges against former Nortel Networks Chief Executive Frank Dunn and two other top executives of the failed telecom equipment supplier following a year-long trial involving one of the most spectacular casualties of the 1990' s dot-com bubble.