Nortel Networks has agreed to pay the trustee of its UK pension scheme $37.5m (£22.9m) to settle claims against its US firms.
The trustee of the Nortel Networks UK Pension Plan is petitioning the US Supreme Court to gain access to the company's bankrupt US affiliates' cash.
The man responsible for mediating a £2.1bn UK pension claim on bankrupt firm Nortel Network's assets has launched a website to keep people up to date with developments.
The Pensions Regulator has spent nearly £3.2m on external barrister fees over the past two years, with one-third of those costs spent on one legal case alone, figures show.
The Nortel/Lehman appeal case with The Pensions Regulator begins on Monday in the Court of Appeal, but sources predict it is destined for the Supreme Court.