Statement from Frank Dunn

TORONTO, Jan. 14, 2013 /CNW/ - I am pleased with today's decision and after waiting almost nine years, I am grateful to have received vindication.

I extend my thanks to the McCarthy Tétrault legal team. I would also like to thank my family, friends, and all the people who stood by me through this difficult time.

Throughout my career at Nortel, it was an honour to work with such a dedicated, highly principled and committed group of people.

For a very long time, integrity has been the foundation of Nortel Networks' Corporate governance and business practices. The documentary evidence and testimony re-affirmed this core value that I witnessed over my 28 years with the company.

I am looking forward to turning the page on this chapter of my life and have no further comment at this time.

SOURCE: Frank Dunn