Nortel Networks Corp – Jul 31, 2015

July 31, 2015

Notice of leave to appeal has been filed in Ontario by various US Interests, including the US Debtors, Bondholders, Unsecured Creditors Committee (UCC), the Bank of NY Mellon and a newly formed trade creditor consortium. In addition, a newly appointed conflict administrator on behalf of French Estate provided notice to stakeholders of their intention to seek leave to appeal.

In the US, notices of appeal were filed by the US Debtors, Bondholders, Pension Benefits Guarantee Corporation (PBGC) and the UCC. Cross appeals were filed by the Trade Claims Consortium, as well as the UK Joint Administrators, the Monitor and the CCC.

For more information on the appeals and next steps, please visit our Allocation Litigation Tab by clicking here.

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