Eight stories in the news today, Oct. 13
Eight stories in the news for Thursday, Oct. 13
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NORTEL SETTLES FIGHT TO DIVVY UP $7.3 BILLION FROM LIQUIDATION
A settlement has been reached to end years of court battles over how to divvy up US$7.3 billion raised in Nortel Networks Corp.’s liquidation. Under a deal which requires final approvals, Nortel’s Canadian debtors will receive about US$4.1 billion, American debtors will get about $1.8 billion and the remainder is expected to be paid to debtors in Europe. Nortel giant filed for bankruptcy in 2009 after an accounting scandal.


