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News Tagged By: Nortel

Nortel bonds plummet after court ruling on assets
Nortel’s bonds were trading well above face value prior to Tuesday’s court ruling, but immediately started falling as bondholders digested the ruling and decided bonds guaranteed by Nortel’s U.S. subsidiary will likely not recover their full face value if the rulings stand.
Posted on 5-14-2015 at 6:00 AM
Unusual rulings on Nortel assets provide some solace for pensioners
A pair of U.S. and Canadian judges have ruled that the collapsed Nortel Networks Corp.’s remaining billions of dollars should be distributed equally among the company’s creditors around the world, leaving more money for its pensioners and less for its bondholders.
Posted on 5-13-2015 at 8:00 AM
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