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

Admin capacity 'a particular concern' as schemes face 'fresh complexity'

Admin capacity 'a particular concern' as schemes face 'fresh complexity'

PIC report suggests a ‘growing expectation’ for administrators to be able to help

Holly Roach
clock 16 April 2026 • 2 min read
Government urges industry to use 'every touchpoint' to combat pension scams

Government urges industry to use 'every touchpoint' to combat pension scams

Trustees and administrators urged to educate members on the risks posed by scams

Martin Richmond
clock 16 April 2026 • 2 min read
Women in Pensions Awards 2026: Nominations close tomorrow!

Women in Pensions Awards 2026: Nominations close tomorrow!

Professional Pensions celebrates nine years of recognising leading female talent

Professional Pensions
clock 16 April 2026 • 2 min read
Trustpilot