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Appeal filed by Nortel Networks' Canadian monitor over U.S. court settlement

2015-01-03 01:44:31| Telecom - Topix.net

The Canadian monitor for insolvent Nortel Networks is appealing last month's US$1.01-billion court-approved interest settlement that puts most of the company's remaining money into the hands creditors. The appeal document was filed Wednesday with a U.S. Bankruptcy Court in Delaware by the court-appointed monitor for Nortel Networks Corp., the international firm's Canadian parent company.

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