Nortel Networks agrees to bankruptcy settlement with pension insurer
Nortel Networks and the U.S. Pension Benefit Guaranty Corp have reached an agreement. This may finally pave the way to end its eight years in bankruptcy. A trial had been set for January over the pension insurer’s claims against Nortel. Nortel’s pension plan ended in 2009 with 22,000 participants. According to court papers filed yesterday, […]