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Mealeys

MLex

Nortel Networks Inc.

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Case Number:

1:09-bk-10138

Court:

Delaware

Nature of Suit:

Firms

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  1. April 14, 2017

    Netas Fights For $14M In Claims In Nortel Bankruptcy

    Telecom company Netas fought Friday to preserve a $14.3 million claim in the long-running bankruptcy of Nortel Networks Inc., saying Nortel has provided virtually zero basis for its objection.

  2. March 08, 2017

    Dewey, Patterson Trustee Fees Trimmed In Nortel Ch. 11

    A Delaware bankruptcy judge Wednesday trimmed more than $900,000 from the attorneys' fees being sought by the Delaware Trust Co. in Nortel Networks' long-running Chapter 11, finding most of the $8 million justified but knocking some of the bills submitted by Dewey & LeBoeuf LLP and Patterson Belknap Webb & Tyler LLP.

  3. February 28, 2017

    Nortel Creditors Seek $4M Cut To Indenture Trustee Fee Bid

    Two hedge funds that held senior notes issued by a Nortel Networks Inc. unit pushed the Delaware bankruptcy court on Tuesday to cut their indenture trustee's roughly $8 million attorney fee request in half, arguing that Delaware Trust Co. didn't properly discharge its duties.

  4. January 24, 2017

    Nortel Wins Plan Confirmation After 8 Years In Ch. 11

    Nortel Networks Inc. won confirmation of its Chapter 11 plan in both Canada and the Delaware bankruptcy court Tuesday, eight years after the defunct telecom filed for bankruptcy protection, capping off a lengthy saga that included an unprecedented international dispute over how to divide $7 billion in asset sale proceeds.

  5. January 23, 2017

    Nortel Trade Group OKs $154M Claim As Ch. 11 Ruling Nears

    A consortium of Nortel Networks Inc.'s suppliers and other creditors has agreed to a $153.6 million trade creditor claim in partial settlement of the group's objections to the international telecom's overall $7.3 billion Chapter 11 plan.

  6. January 20, 2017

    Nortel, Creditors Ask For Ch. 11 Plan Approval

    Nortel Networks Inc. received a bevy of support in Delaware bankruptcy court Thursday in pushing for the confirmation of a long-awaited Chapter 11 plan the company says has few objectors and is the "best and only" way to resolve its bankruptcy.

  7. January 12, 2017

    Nortel Resolves Objections To Ch. 11 Plan From IP Fight

    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.

  8. January 09, 2017

    Iowa Revenue Dept., US Trustee Slam Nortel's Ch. 11 Plan

    The Iowa Department of Revenue and a trustee overseeing Nortel's bankruptcy proceedings have filed separate objections to the defunct telecommunications company's Chapter 11 plan, saying the plan does not provide for the full payment of tax liabilities and that it improperly includes nondebtor third parties.

  9. January 06, 2017

    Nortel's $565M PBGC Deal Gets Ch. 11 Judge's Sign-Off

    A Delaware bankruptcy judge approved and signed a $565 million settlement Friday between Nortel Networks Inc. and the Pension Benefit Guaranty Corp., heading off a threatened court battle over a $708 million claim and averting a new delay in the more than $9 billion, 8-year-old case.

  10. December 22, 2016

    Nortel Says $565M PBGC Deal Boosts Odds Of Ch. 11 Exit

    Nortel Networks told a Delaware bankruptcy judge Wednesday that a proposed settlement affording the U.S. Pension Benefit Guaranty Corp. a $565 million allowed claim marked a "material compromise" that will put the fallen telecommunications giant on a path to exit Chapter 11.