NL Short Takes
News | 02/26/2001 5:00 am EST
Nortel suffers from the gripes of Roth as lawsuits pile up
The Quebec Association for the Protection of Shareholders, along with some Ontario investors, are suing Nortel Networks Corp over comments CEO John Roth made during a webcast that apparently revealed dire forecasts before they were publicly released. Company stock tumbled shortly afterward. Meanwhile, JDS Uniphase Corp has announced it will not pursue legal action against the company over the sale of a laser plant in Switzerland. Much of the transaction involved Nortel shares.