Nortel Freed From New Bankruptcy Disclosure Rules For Now

Law360, Wilmington (March 5, 2013, 2:46 PM EST) -- Nortel Networks Inc. won a temporary pass Tuesday on new Delaware bankruptcy rules requiring retained attorneys to disclose the identity and fees of other professionals they hire, something the defunct telecom said was necessary as it gears up for another round of intense litigation in the case.

In what the parties described as a matter of first impression during a court hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross approved a limited exception from the rules for the 29 law firms and other professionals retained by...
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