Billion dollar claim against US Nortel companies

clock

A claim for more than one billion dollars has been filed in the US courts against Nortel Networks' US affiliates.

PP understands The Nortel Networks UK Pension Trust and the Pension Protection Fund filed a claim to be determined at trial for at least $1.335bn (£827m) in the US Bankruptcy Court in Delaware. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pension providers set to launch first National Annuity Day

Pension providers set to launch first National Annuity Day

Initiative aims to raise awareness of annuities and provide discussion about the future of retirement income

Martin Richmond
clock 18 September 2025 • 2 min read
Bank of England holds interest rates at 4% and slows QT

Bank of England holds interest rates at 4% and slows QT

MPC committee votes seven to two to hold interest rates due to 'sticky' inflation

Linus Uhlig and Professional Pensions
clock 18 September 2025 • 3 min read
Maps publishes 2025-2028 strategic plan

Maps publishes 2025-2028 strategic plan

Intends to improve services, share knowledge to boost wellbeing and deliver dashboards

Holly Roach
clock 18 September 2025 • 2 min read
Trustpilot