Judges reject Nortel bond holders' appeal against multi-billion dollar pension payout

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Judges in the US and Canada have rejected attempts by Nortel bond holders to overturn a ground-breaking decision in favour of members of the collapsed telecom company's pension scheme.

In May judges on both sides of the border ruled that the company's $7bn (£4.5bn) in assets should be divided between its global creditors on an equal footing. This would mean the scheme getting ...

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