Three former top executives of bankrupt telecom giant Nortel Networks were found not guilty of fraud on April 14 in a complex, high-profile criminal case that has implications for future attempts to prosecute alleged white-collar crime and leaves Nortel pensioners and former disabled workers struggling in their efforts to claim compensation.
Former Nortel chief executive Frank Dunn, ex-controller Michael Gollogly, and former chief financial officer Douglas Beatty were acquitted by an Ontario judge, who ruled that “the burden [of proof] in my view was not met” that a crime had been committed.
