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Ex-Nortel executives plead not guilty to fraud

Howard Solomon | Jan. 18, 2012
Former executives of Nortel Networks operated a "cookie jar" of funds used to tailor the network equipment maker's profits and losses so they could qualify for "lucrative" cash and stock bonuses, a prosecutor has alleged.

The trial is being held in a high-ceiling courtroom in a downtown courthouse.

There are so many documents that the prosecution has set up a wired local area network to display electronic copies of what is being referred to on desktop monitors for the judge and defence lawyers.

For others in the room, there are also two large monitors that face the public gallery.

Before the trial started the judge rejected a defence demand that the prosecutor change the indictment to give more detail about the alleged offences.

On Tuesday the defence may give an opening statement before the first witness is called.

 

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