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In Re: Nortel Networks, Inc., et al
Case Number:
13-2739
Court:
Nature of Suit:
Companies
Sectors & Industries:
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December 06, 2013
3rd Circ. Rules Out Arbitration In $7.5B Nortel Cash Dispute
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.
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October 08, 2013
Nortel Units Ask 3rd Circ. For Arbitration In $7.5B Cash Dispute
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.