Nortel Canadian Units Seek Full $4.5B From Patent Sale

Law360, Wilmington (May 13, 2014, 10:57 PM EDT) -- Nortel Networks Corp.'s Canadian constituencies laid claim Tuesday to the lion's share of $7.3 billion raised when the defunct telecom liquidated, telling judges at a cross-border trial the proportion is proper because they owned the massive patent portfolio that fetched the bulk of that sum.

At the second day of the unusual bankruptcy battle over how to split the proceeds taking place in Delaware and Ontario courtrooms linked via audio-visual computer technology, Nortel's Canadian units argued they should receive the full $4.5 billion take from the...
To view the full article, register now.