Nortel Seeks OK For Deal Giving $37.5M Claims To 2 Groups Of Foreign Creditors

WILMINGTON, Del. - Bankrupt Nortel Networks Inc. (NNI) on Jan. 6 filed a brief arguing that the bankruptcy court should approve a settlement agreement that would give both NNI's foreign representatives and NNI's pension parties in the United Kingdom (UK pension parties) allowed administrative expense priority claims of $37.5 million (Nortel Networks Inc., No. 09-10138, Chapter 11, D. Del. Bkcy.).

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