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Posts tagged “Nortel”

Updated April 29

Premium Lock Why did Nortel fail? Veteran reporter gets the inside story

So why did Nortel go bankrupt, causing 8,000 job losses in RTP alone? James Bagnall, the associate business editor of The Ottawa Citizen who followed Nortel closely for years, explains how a "rush to judgment" in 2001 sealed the fate of the former telecom giant.

Going inside Nortel's failure Going inside Nortel's failure

April 2

Premium Lock Judge OKs Nortel's $67M settlement with U.S. retirees

Nortel A bankruptcy judge in New Jersey gave his approval Tuesday to a $66.9 million settlement between bankrupt Nortel and its retired U.S. employees.

March 11

Premium Lock No end to Nortel saga soon: Trial planned for fall

Nortel Judges in the Nortel bankruptcy case have decided to bring the debate over some $9 billion in assets to trial this fall.

Tags: Nortel
Updated March 8

Premium Lock Judges to decide Nortel asset settlement with joint trial

Nortel Judges in Delaware and Canada have decided to settle claims for bankrupt Nortel's estimated $9 billion in assets through a joint trial.

Tags: Nortel
March 7

Premium Lock Latest chapter in sad Nortel saga begins in courts today

Nortel Judges in Delaware and Canada are scheduled today to begin hearings that could decide how the some $9 billion in assets held by bankrupt Nortel are to be divided up.

Tags: Nortel
February 15

Premium Lock Court OKs Nortel $28M settlement with disabled US workers

Nortel Bankrupt Nortel Networks has won preliminary court approval to settle a dispute over medical benefits with disabled former employees for about $28 million.

Updated February 11

Premium Lock Nortel's US unit asks for trial to fight $2.7B in UK pension claims

Nortel bankruptcy The drawn-out battle for assets of bankrupt telecommunications firm Nortel apparently will continue for the rest of this year as the U.S. business unit asks a bankruptcy judge for a trial to deal with U.K. pension demands.

January 25

Premium Lock Nortel mediation talks about $9B in assets fail; retirees angry

Nortel Creditors of Nortel Networks, the defunct telecommunications company, failed to agree on how to divide about $9 billion in cash. A group representing retirees in Canada said the "battle" for benefits would continue.

Tags: Nortel
January 24

Premium Lock Nortel's retirees in US may be near $67M benefits settlement

Nortel Retirees from Nortel in the U.S. may soon be getting some good news: A settlement with the bankrupt telecommunications firm worth some $67 million.

Tags: Nortel
January 23

Premium Lock Nortel asset talks continue; disabled workers reportedly reach $28M deal

Nortel Creditors receive more time to work out a settlement for some $9 billion in bankrupt Nortel assets. Meanwhile, a hearing has been set for Feb. 14 to discuss a proposed $28 million settlement between disabled U.S. workers and Nortel.

Tags: Nortel
January 18

Premium Lock Haggling over $9B in bankrupt Nortel assets drags on

Nortel Creditors of Nortel Networks Corp., the defunct telecommunications company, were asked to extend for four days their negotiations over how to split $9 billion in cash between bondholders and retirees.

Tags: Nortel
January 15

Premium Lock Nortel fraud case dismissed; $9B asset debate begins

Nortel The former chief executive of bankrupt Nortel Networks and two former senior executives were found not guilty Monday of falsifying financial reports in what prosecutors said was a scheme to report profits and gain bonuses. In other news, the debate about Nortel's assets begins today in Toronto.

Tags: Nortel
January 14

Premium Lock Apple, Google, RIM win approval to buy Kodak patents

Kodak A group of technology companies including Apple, RIM and Google won court approval Friday of a $527 million deal for Eastman Kodak Co. patents that are being sold as part of Kodak's bid to exit bankruptcy protection.

January 3

Premium Lock Nortel reaches $67M settlement with US retirees

Nortel Former telecommunications giant Nortel, which is in the process of liquidating its assets, has reached a deal worth nearly $67 million with retired US workers over healthcare benefits.

Updated December 19, 2012

Premium Lock Apple, Google, RIM lead group buying Kodak patents for $525M

Kodak A group including Apple Inc., Google Inc. and Research In Motion Ltd. agreed to buy patents from bankrupt Eastman Kodak Co. for about $525 million, gaining digital-imaging technology to capture and share pictures.

October 5, 2012

Premium Lock In the news: AT&T and NCSU; Red Hat; Bayer CropScience vs. Dow AgroSciences; Cempra; OxyBio

Bulldog Inside the Bulldog Blog: AT&T expands wireless at NCSU games; Red Hat wins industry honor; Bayer CropScience mulls appeal in Dow AgroSciences suit; Cempra reports gonorrhea drug advance; OxyBio signs deal with Navy.

October 4, 2012

Premium Lock In the news: Nortel trial; Vocus hiring; Tengion $15M; ABB backs Marbles; Red Hat's JBoss; Elster execs

Bulldog Inside the Bulldog Blog: Defense says 'no dishonest acts' in Nortel trial; Vocus hiring in Morrisville; life science firm Tengion raises $15M; ABB funds a smartgrid project at Marbles museum; Red Hat's JBoss name change; Elster names new execs.

October 2, 2012

Premium Lock In the news: Nortel, JouleBug, McKinney, SunTech, DARA, Telit

Bulldog Inside the Bulldog Blog: Nortel trial nears end; startup JouleBug's energy app; Travelocity's gnome contest; blood pressure cuffs from SunTech; DARA stock regains some value; AT&T certifies Telit technology.

September 28, 2012

Premium Lock Nortel 'lies;' Nexxus raises $6M; Cree lights Senate; new Centice device; Honda Aircraft

Bulldog Inside the Bulldog Blog: Lies alleged in Nortel fraud trial; Nexxus in Charlotte raises $6M; Cree LEDs light up U.S. Senate; Centice unveils testing device; Honda Aircraft's $20M building.

September 27, 2012

Premium Lock Nortel trial; unlocking AT&T iPhone; GSK drug advances; ChannelAdvisor win; GSK board moves

Bulldog Inside the Bulldog Blog: Closing arguments set in Nortel trial; AT&T's iPhone 5 can be "unlocked;" GSK drug candidate advances; ChannelAdvisor customer win; GSK adjusts board.

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