Juroviesky and Ricci LLP are looking to represent former Nortel Employees that have been denied severance payments due to Nortel’s bankruptcy protection filing. The law firm held an information Webinar yesterday. An AAN reader, cwlh, was kind enough to provide a re-cap.
The presentation was highly repetitive but I [...] Continue Reading…
With the Wall St. Journal reporting last week that Nortel was exploring the idea of selling its wireless and enterprise businesses, the M&A rumors are flying fast and furious.
Here’s a recap:
- The Financial Times is reporting that several private equity firms are looking at Nortel and Motorola’s assets as [...] Continue Reading…
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The Financial Post has an interesting article looking at how two companies – Nortel and Smurfit-Stone – are taking different approaches to bankruptcy protection.
While Nortel has decided not to make severance payments to employees it has eliminated, the FP reports that Smurfit-Stone has paid out millions of dollars in [...] Continue Reading…
It sure doesn’t take much time before the vultures start circling the carcass. Over the past couple of weeks, a number of law firms have emerged representing or looking to represent the needs of former Nortel employees who have or may have grievances against the company.
The newest participant is [...] Continue Reading…
Here’s a guest post by Duncan Stewart looking at what Nortel could be post-restructuring:
Even before Nortel filed for bankruptcy in January it had put one of its divisions for sale. Therefore yesterday’s Wall Street Journal story that Nortel may sell large parts of its business came as little [...] Continue Reading…
Holtz Jumps Ship
Clifford Holtz, who headed up Nortel’s enterprise sales in North America, has jumped ship to become senior vice-president, America Sales with Pelco Inc., which makes video and security systems and equipment.
Before joining Nortel, Holtz was executive vice president, business markets group with Qwest Communications, where he led a $5 [...] Continue Reading…