Nortel was once a key Canadian technology vendor with a market capitalisation of around $250 billion, but filed for Chapter 11 protection in its home country and the US, selling off a number of business units after it failed to … Continue reading
Ontario-based Nortel stumbled from ranking among the world’s most valuable companies during the 1990s Internet bubble to bankruptcy in 2009 and liquidation. The cash at the center of the dispute was raised from the sale of Nortel’s global businesses, including … Continue reading
So, what has happened with Nortel technology since that fateful day? Millions of telephones, servers, gateways, and applications don’t just up and disappear overnight. The vultures were out in strong forces trying to pick away at the carcass, and while … Continue reading
With their LocalRealtime™ and RemoteRealtime™ solutions, LiveDeposition gives legal teams the tools they need to participate in depositions from any location. Whether on-site at a deposition location or on the other side of the world, legal teams can receive realtime … Continue reading
The Brampton, Ont.-based behemoth was in a free fall: its $15-billion market value had evaporated to $160-million by the end of 2008. “We thought we had a platform in early 2008, operationally and strategically, that was made for growth” via … Continue reading
Independent directors sank Nortel | Financial Post.
Judges in Toronto and Wilmington, Delaware, focused on whether Nortel’s parent company gave away its rights to part of the cash when it prepared to sell assets, including thousands of telecommunications patents after the company filed for bankruptcy in 2009. … Continue reading
The Canadian position is that Nortel Networks Ltd., the Canadian parent, owned the patents and intellectual property and just licensed rights to the subsidiaries under a master research and development agreement, or MRDA. via Nortel bankruptcy trial nears end as … Continue reading
The case pits more than 20,000 former Nortel employees in Canada against bondholders in the U.S. who may collect all of their principal plus $1 billion in interest. Pensioners of Nortel’s U.K. unit are also seeking part of the cash. … Continue reading
Each group is trying to convince a U.S. bankruptcy judge and a Canadian judge that its method for dividing the money is best. via Nortel European Units Seek Slice of Cash for Past Work – Bloomberg.