Nortel Resolves Objections To Ch. 11 Plan From IP Fight
Law360, Wilmington (January 12, 2017, 6:22 PM EST) -- Nortel Networks Inc. told the Delaware bankruptcy court Thursday that it has come one crucial step closer to confirming a long-awaited Chapter 11 plan after it resolved objections to the strategy stemming from a stubborn intellectual property and trade secrets fight stretching back years.
In a notice to the Delaware bankruptcy court, Nortel said it had settled objections to its Chapter 11 plan from software company SNMP Research International Inc., which has been embroiled in a dispute with the defunct telecom since at least 2011 over whether its software was improperly transferred to companies who’d purchased the debtor's assets in a...
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