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Tuesday, November 24, 
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SEC to slap Nortel silly

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Published June 8, 2007 at 3:54 PM

The Wall Street Journal is reporting that the Securities and Exchange Commission plans to fine Nortel Networks Corp. up to $100 million for accounting fraud. Perhaps this will close the door on Nortel's accounting woes, which over the years has required repeated financial restatements from the telecom gear company, but we wouldn't bet on it. —Alain Sherter

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