Nortel ( NT) says its insurers agreed to chip in $228.5 million toward shareholder settlements, taking a little financial pressure off the stumbling telecom gearmaker.
The Toronto tech shop says it has agreed to indemnification terms with its insurers and expects no additional obligations that have not been covered by cash already set aside for the settlements. Last month, Nortel agreed to pay $2.5 billion in cash and stock in a bid to settle class-action lawsuits brought in the wake of the networker's
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