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News Tagged By: Nortel

Nortel creditor dispute over $7B hoard goes to judges

Nortel Networks Corp. bondholders and pensioners made their final pleas to judges in Canada and the U.S. about how to divide more than $7 billion in cash the company raised by liquidating assets.

Posted on 9-24-2014 at 2:46 PM
Tags: Nortel

Nortel U.S. unit agrees to pay bondholders $1B interest

Nortel Networks Corp.’s defunct U.S. unit agreed to pay bondholders as much as $1 billion U.S. to cover interest that investors claim has accrued since the former telecommunications giant filed for...

Posted on 7-25-2014 at 9:43 AM
Tags: Nortel

U.S., Canadian courts begin unusual trial over Nortel billions

Judges in Wilmington, Delaware, and Toronto jointly kicked off a novel cross-border trial on Monday to divvy up the $7.3 billion US that was raised in the liquidation of once-mighty telecoms...

Posted on 5-12-2014 at 2:50 PM
Tags: Nortel
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