Courts in Ontario and Delaware gave Nortel Networks permission on Friday to pay retention bonus money to eight senior executives while the company restructures under creditor protection.
Entries tagged with “Delaware”.
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Fri 20 Mar 2009
Nortel bonuses approved by courts
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Fri 16 Jan 2009
Nortel Networks files for bankruptcy protection
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Nortel Networks filed for bankruptcy protection on Wednesday in Delaware, a day before the telecommunications company was due to make a $107-million interest payment on its debt.