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Articles tagged with: Bankruptcy and Lawyer
Nortel Pensioners Seek Resumption of Benefits Payments
.. including severance pay and pension supplements. Nortel ceased the payments when it went into bankruptcy protection and is claiming that they are unsecured claims and will have to be paid out of any proceeds left when the firm emerges from ban more
Related Tags: , ptc, sim, nortel, Canada
Nortel Gets Permission to Pay $45 Million in Staff Bonuses
..als, including court approval for its restructuring. The company is currently in bankruptcy protection after losing nearly US$7 billion since 2005, although it has cash reserves of US$2.4 billion. The US Bankruptcy Judge Kevin Gross approved t more
Related Tags: ptc, eu, iden, nortel, mike-zafirovski, hawaiian-telcom, Canada
..i S. Hardin Jr. NextWave expects to sign the settlement today and file a new plan to emerge from bankruptcy in January. The final action should take place by next April." more
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