Nortel Networks Corporation – 55
October 6, 2011
On October 6, 2011 the Ontario Superior Court of Justice approved the Compensation Claims Methodology Order and the Compensation Claims Procedure Order (the “Compensation Claims Process”) with written reasons to follow. To view a copy of the two related Orders please click here.
The Compensation Claims Process is a process through which to value the claims of all former employees, including pensioners and surviving spouses, and disabled employees of Nortel. There will be many developments in the coming months. During this period, Representative Counsel, the court-appointed Representatives and their advisors will be holding a number of webinars and live information sessions for Nortel’s pensioners, former employees and disabled employees. Please check the KM website frequently in order to keep informed about progress and important dates.