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Judge Dismisses Cases Against Former Nortel Executives

An Ontario judge dismissed a case against three former Nortel Networks Corp. executives who were charged with accounting fraud at what was once North America’s largest telephone-equipment maker before its collapse in 2009.

Judge Frank Marrocco said the burden of proof was not met in fraud charges against Former Chief Executive Officer Frank Dunn, former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly. Marrocco made the ruling today in Toronto.