December 06, 2013
A Third Circuit panel on Friday declined to compel arbitration between Nortel Networks Corp. units and their creditors in a battle over the defunct Canadian telecom company's $7.5 billion in liquidation proceeds, ruling the contract at the heart of the dispute did not require arbitration.
October 08, 2013
An attorney for European units of Nortel Networks Inc. on Tuesday asked the Third Circuit to overturn a bankruptcy court ruling and grant binding arbitration to determine how $7.5 billion in asset sale spoils will be divided between the defunct telecom and its far-flung affiliates.