Nortel networks bankruptcy trial

nortel networks bankruptcy trial

Jan 24,  · Judges in Delaware and Canada approved on Tuesday a plan to pay more than $7 billion to creditors of Nortel Networks, ending years of litigation over the . Nortel Networks International Inc. (), Northern Telecom International Inc. (), Nortel Networks Cable Solutions Inc. (), Nortel Networks (CALA) Inc. ()and Nortel Networks India International, Inc. (). The First Amended Joint Chapter 11 Plan of Nortel Networks Inc. and Certain of its Affiliated Debtors does not. 3 PROCEDURAL SUMMARY On January 14, (the “Petition Date”) Nortel Networks Inc. (“NNI”) and certain of its affiliates, as debtors and debtors in possession (collectively, the “U.S. Debtors”) 4 other than Nortel Networks (CALA) Inc., 5 filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the U.S. Court, which cases are consolidated for procedural.

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