Three former Nortel executives -- CEO Frank Dunn, CFO Douglas Beatty and controller Michael Gollogly -- were found not guilty of fraud, nearly a decade after being accused in a book-cooking scheme designed to trigger 12.8-million dollars in bonuses and stocks for themselves at the fallen Canadian technology giant. Beatty's lawyer, Greg Lafontaine said the judgement was correct. (The three former executives were each charged with two counts of fraud. All had pleaded not guilty.)

Date: 2013-01-14
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 8 seconds

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