ContractSettlement Agreement • February 13th, 2006 • Nortel Networks LTD • Telephone & telegraph apparatus
TORONTO — Nortel* [NYSE/TSX: NT] today announced that, as a result of the previously announced mediation process entered into by the Company with the lead plaintiffs in two significant class action lawsuits pending in the Southern District of New York and based on the recommendation of a senior Federal Judge, the Company and the lead plaintiffs have reached an agreement in principle to settle these lawsuits.
