August 25, 2011
The Court on August 23, 2011 approved an interim distribution from Nortel’s HWT on account of LTD Life and LTD Optional Life Benefits to LTD Beneficiaries. The amount of the Fourth Interim Distribution from the HWT will be 25% of LTD Life and LTD Optional Life Benefit calculated in accordance with the Approved HWT Allocation Methodology. It is expected that these interim distributions will be made by the end of September 2011.
Please click here to view a copy of the Court’s endorsement and Order. More information about the Fourth HWT Interim Distribution can be found in the Monitor’s Seventy-Third Report to the Court, which is located on the Monitor’s website at www.ey.com/nortel.