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Nortel settles claim with long-term disability employees

Bankruptcy court gives settlement preliminary approval

A settlement between what was once one of the country’s largest telecommunications manufacturer and its disabled employees has received preliminary approval from a bankruptcy court.

The bankruptcy judge overseeing the liquidation of assets for bankrupt Nortel Networks Inc. ruled yesterday to allow the settlement to be mailed to the disable employees. The 200 employees will have until April 30 to raise objections to the settlement proposal.


Cathleen Flahardy

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