Nortel Networks Inc. Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On February 24, 2015, an application for interim approval of professional compensation was filed in the bankruptcy case of Nortel Networks Inc. and its affiliates.

The filing was assigned docket number 15211 and is described on the court’s official docket as follows:

Interim Application for Compensation (Seventy-Third) of Cleary Gottlieb Steen & Hamilton LLP, as Attorneys for Debtors and Debtors-in-Possession, for Allowance of Interim Compensation and for Interim Reimbursement of All Actual and Necessary Expenses Incurred for the period January 1, 2015 to January 31, 2015 Filed by Cleary Gottlieb Steen & Hamilton LLP. Objections due by 3/16/2015. (Attachments: # (1) Notice # (2) Exhibit A (Compensation by Project Category) # (3) Exhibit B (Expense Summary) # (4) Certificate of Service) (Cordo, Ann)

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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