Lehman, Nortel Forced To Cover $3.6B In Pension Debt
In an order Friday, the High Court of Justice in London ruled that the companies must cover the costs of a financial support direction issued by the U.K. Pensions Regulator before making distributions to any unsecured creditors.
In November, the Pensions Regulator’s Determinations Panel determined that the Nortel Networks UK Pension Plan and Lehman Brothers...
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