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Articles tagged with: Ptc and Lawyer
Nortel Pensioners Seek Resumption of Benefits Payments
..ding 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 bankruptc more
Related Tags: , sim, nortel, bankruptcy, union, court, Canada
Nortel Gets Permission to Pay $45 Million in Staff Bonuses
Nortel Networks has received authorisation from the Canadian and US Bankruptcy courts to pay bonuses of US$45 million to its staff and managers. Eight of the executives will share up to US$7.3 million between them, as part of an overall US$23 million bonus program for 92 senior managers. A further US$22 million has been earmarked for 880 key employees. more
Related Tags: eu, iden, nortel, bankruptcy, mike-zafirovski, hawaiian-telcom, court, ontario, toronto, toronto, Canada
2nd UPDATE:Vivendi Sues Deutsche Telekom For $7.5 Billion
PARIS -(Dow Jones)- Vivendi Tuesday lashed out at rival Deutsche Telekom, filing a suit in the U.S. claiming the German telecom operator had tried to steal a multi-billion-euro company, and demanding $7.5 billion in damages. more
Related Tags: seattle, t-mobile-usa, t-mobile-usa, vivendi, elektrim, washington, fraud
BayanTel executuves subpoenaed
Four Executives from the Philippines BayanTel, led by its Chief Consultant, Tunde Fafunwa, while in the course of attending the Pacific Telecommunications Conference (ptc) in Honolulu, Hawaii, were each served with sub-poenas directing them to appear and provide testimony before a Grand Jury investigating charges that Philippine telecommunications carriers violated U.S. Anti Trust Law through alleged price fixing in the establishment of rates on calls from the U.S. and terminating in the Philippines. more
Related Tags: washington-dc, sec, bayantel, washington, honolulu
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