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Nortel Networks Matrix Box Class Action Settlement

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Active: 
Closed
Closed Settlement Statement: 
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Settlement Structure: 
Case Summary: 

The plaintiff in this lawsuit alleges that, beginning in 2001, Nortel Networks Limited, Nortel Networks Inc., Qwest Communications International Inc., Thomas N. Salzano, Alexander L. Wolf and Robert J. Fine and third party NorVergence, Inc. defrauded persons and businesses by inducing them to enter into equipment leases without disclosing that the leases purported to create an absolute obligation to pay, regardless of any telecommunications services actually delivered and even though the value of the equipment was far less than the leased price. 

Docket Number: 
3:05-cv-01191-MLC-TJB
Company: 
Nortel
Class Period: 
Monday, January 1, 2001 to Wednesday, June 30, 2004
Filing Deadline: 
Thursday, April 13, 2017
Objection Deadline: 
Monday, February 27, 2017
Exclusion Deadline: 
Monday, February 27, 2017
Final Approval Hearing: 
Wednesday, May 24, 2017
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