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Tag: nortels
Allocation of Nortel's $7.3B of assets still divisive issue
2014-09-25 22:18:24| Telecom - Topix.net
A months-long court battle over Nortel's remaining assets remains divisive, with judges in Canada and the United States given the task of navigating what has been described as a "tsunami" of legal arguments, dry facts and, occasionally, stormy lawyer summations. A lawyer for Nortel's Canadian pensioners and former employees said Wednesday in the final day of summations that it was wrong to suggest that his clients are asking for special treatment when it comes time to split up about $7.3 billion among various creditors of the collapsed technology company.
Tags: issue
assets
allocation
divisive
Ontario judge OKs up to $122.66 million for creditors of Nortel's EMEA unit
2014-07-17 01:47:10| Telecom - Topix.net
An Ontario judge overseeing the Canadian portion of the Nortel Networks bankruptcy has approved a settlement on one of the side issues that involves creditors of an international division of the defunct telecom equipment giant.
Tags: million
unit
judge
ontario
Battle over Nortel's billions begin in U.S., Canadian courts
2014-05-12 22:52:00| Telecom - Topix.net
WILMINGTON, Del. Judges in Wilmington, Delaware, and Toronto jointly kicked off a novel cross-border trial on Monday to divvy up the $7.3 billion that was raised in the liquidation of once-mighty telecoms equipment maker Nortel Networks, which went bust in 2009.
Tags: begin
battle
canadian
courts
Working Capital: Ciena, Erickson profit from shrewd buying at Nortel's fire sale
2014-02-19 18:37:30| Wireless - Topix.net
Some made-in-Ottawa technology is about to get major global market exposure. Ciena Corp. and Ericsson are combining marketing operations of critical optical networking gear that supports the global boom in smartphone, data centre and Internet-everywhere traffic.
Tags: sale
working
capital
fire
U.S. court upholds trial plan over defunct Nortel's $7.5 billion cash
2013-12-07 02:52:44| Telecom - Topix.net
The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.