Nortel Networks Inc. Bankruptcy New Filing Alert: Motion For Authority To Abandon Assets Of The Debtor’S Estate

On November 11, 2015, a motion for authority to abandon assets of the debtor’s estate was filed in the bankruptcy case of Nortel Networks Inc. and its affiliates.

The filing was assigned docket number 16296 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for Entry of an Order (I) Approving Procedures for the Abandonment, Disposal, or Destruction of Specified Hard Copy Documents and Electronic Data; (II) Waiving Compliance with Certain Retention Laws and Ordinances; and (III) Granting Related Relief Filed by Nortel Networks Inc., et al.. Hearing scheduled for 12/15/2015 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 11/30/2015. (Attachments: # (1) Notice # (2) Appendix A # (3) Appendix B # (4) Exhibit A # (5) Exhibit B # (6) Exhibit C) (Remming, Andrew)

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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