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Tag: nortel
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.
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.