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January 8, 2014
07:37 EDTNRTLQJudge approves claims settlement between Nortel's U.S., European units, WSJ says
In the U.S. Bankruptcy Court in Wilmington, DE, Judge Kevin Gross approved a pact between U.S. and European divisions of Nortel Networks as the former Canadian technology icon continues to ramp up for a $7.5B cash fight, reports the Wall Street Journal. The settlement ends claims by Nortel's U.K. and European creditors against Nortel U.S. and sets the stage for a possible united front against Nortel Canada, the parent company.Reference Link
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