Nortel: $7.5B Asset Appeal 'Premature'; 3rd Circuit Certification Unwarranted

Nortel: $7.5B Asset Appeal 'Premature'; 3rd Circuit Certification Unwarranted

WILMINGTON, Del. - Bankrupt Nortel Networks Inc. on May 1 objected to the motion filed by joint administrators of Nortel's bankruptcy estate pertaining to the allocation of $7.5 billion in asset sale proceeds, contending that the interlocutory appeal should not be certified directly to the Third Circuit U.S. Court of Appeals (In Re: Nortel Networks Inc., No. 09-10138, Chapter 11, D. Del. Bkcy.).

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