Nortel Settles Benefits Feud With Disabled Employees

Law360, Wilmington (January 22, 2013, 5:26 PM EST) -- Nortel Networks Inc. on Friday minted a settlement that will allow the defunct telecom to terminate health care and other benefits for a group of disabled employees in exchange for a $28 million bankruptcy claim.

A committee representing 215 long-term disabled Nortel employees won an extra two months of benefits in the settlement to allow its constituents a “transition period” to make alternative arrangements for their care, according to settlement papers filed in Delaware bankruptcy court.

Rafael Zahralddin of Elliott Greenleaf, an attorney for the LTD...
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