Judges rule UK pensioners can recover 71% on claims against Nortel

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Judges in the US and Canada have ruled Nortel's assets of $7bn (£4.5bn) should be equally distributed among its creditors, in what lawyers say is a victory for UK pensioners.

The ruling, delivered by the Bankruptcy Court for the District of Delaware and Ontario's Superior Court of Justice, means that all creditors will receive up to a 71% return on their claims. Dist...

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