Nortel Trial Over $7.3B Liquidation Pool Comes To An End

By Jamie Santo (September 24, 2014, 6:26 PM EDT) -- The long-running fight over how to distribute $7.3 billion raised in Nortel Networks Corp.'s liquidation wrapped up Wednesday, putting the fate of the defunct telecom's sale proceeds in the hands of the Delaware and Ontario judges who oversaw the cross-border trial.

On the third and last day of closing arguments, Nortel's regional units and others made final points in support of their varied proposals for allocating the funds brought in from a series of post-bankruptcy deals, including a blockbuster $4.5 billion patent sale.

U.S. Bankruptcy Judge Kevin Gross and Justice Frank Newbould of the Ontario Superior Court — who since May...

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