Nortel Networks Inc. Bankruptcy New Filing Alert: Order Regarding The Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On December 2, 2014, an order regarding the motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Nortel Networks Inc. and its affiliates.

The filing was assigned docket number 14853 and is described on the court’s official docket as follows:

Order Approving the Stipulation of Settlement of Avoidance Claims By and Between (1)Nortel Networks Inc and Nortel Networks (CALA) Inc. and (2)Hewlett Packard Company and Hewlett Packard Financial Services Company and Resolving Proof of Claim No 5928 Filed by Hewlett Packard Company and Claim No 4264 Filed by Hewlett Packard Financial Services Company (Related Doc # [14660]) Order Signed on 12/2/2014. (SH)

Nortel Networks Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 14, 2009. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 09-10138. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Cleary Gottlieb Steen & Hamilton, LLP is acting as lead bankruptcy counsel to Nortel Networks Inc. in the bankruptcy case.


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