Another Delay Sought In $7.5B Nortel Cash Fight

Law360, Wilmington (November 14, 2013, 7:49 PM EST) -- The parties on both the Canadian and U.S. sides of the dispute on how to divide $7.5 billion raised in the liquidation of Nortel Networks Corp. asked the Delaware bankruptcy court Thursday to again delay the start of trial, arguing the deposition schedule is moving slower than expected.

In a joint motion, the U.S. affiliate of the defunct Canadian telecommunications giant, as well as its parent, units in Europe and elsewhere, and the creditors committees asked for the trial date to be pushed back by about...
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