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After mediation fails, court fight over Nortel begins

2013-03-07 09:21:15| Telecom - Topix.net

Bankrupt telecoms equipment giant Nortel Networks once boasted of a global operation, but now its former world-wide units are squaring off over its last remaining asset: $9 billion in cash.

Tags: court fight begins fails

 

Nortel settlement with US disabled clears first court hurdle

2013-02-15 01:00:00| Total Telecom industry news

200 former employees to lose pay, benefits from end of May.

Tags: court disabled settlement clears

 
 

Crown decides not to appeal Nortel verdict, says 'no basis' to reopen case

2013-02-13 05:39:57| Telecom - Topix.net

Ex-CEO Frank Dunn, ex-CFO Douglas Beatty and ex-controller Michael Gollogly were acquitted of two counts of fraud each - one count of defrauding the public and one count of defrauding the once-telcom giant Nortel Networks Corp.

Tags: to case basis appeal

 

Former Nortel workers ask bankruptcy czars to investigate fees paid by estate

2013-01-28 00:55:29| Telecom - Topix.net

A man walks past a company sign at a Nortel Networks office tower in Toronto on Feb.

Tags: estate paid fees workers

 

Nortel talks on dividing cash from sales end

2013-01-25 06:26:59| Telecom - Topix.net

Talks to divide $9 billion US raised from the sale of businesses of Nortel Networks, the telecoms equipment maker that went bankrupt in 2009, ended without agreement, and the mediator said on Thursday further discussions were no longer worthwhile.

Tags: end sales cash talks

 

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