Settlement agreed in 'scorched earth' Nortel battle after eight years

James Phillips
clock • 4 min read

Members of the Nortel Networks UK Pension Scheme are due to receive more than £1bn after a settlement was agreed in a long-running court battle across two continents.

The feud was triggered in 2009 when the US telecommunications company went bust, leading to a vast array of creditors to fight over around $7.3bn (£5.6bn) of residual assets in British, American an...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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