Verizon Loses Bid To Stop $915M Nortel Sale

By Megan Stride

Law360, New York (September 16, 2009, 5:41 PM ET) -- A bankruptcy court has rejected Verizon Communications Inc.'s objection to the $915 million sale of Nortel Networks Inc.'s business phone service unit to Avaya Inc.

In its objection filed Monday in the U.S. Bankruptcy Court for the District of Delaware, Verizon claimed that unless the repairs and services contracts it currently holds with Nortel were taken up by Avaya, the communications systems of thousands of its customers, which include government agencies and courts, might be disrupted.

Verizon had asked the bankruptcy court to refrain from approving...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles