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Nortel's US Arm Pushes To Reverse $7.3B Allocation Ruling

By Matt Chiappardi ( April 5, 2016, 10:03 PM EDT) -- Nortel's U.S. arm pushed the Delaware federal court Tuesday to overturn the bankruptcy court's decision on how $7.3 billion raised by liquidating the defunct Canadian telecom should be divided among affiliates across the world, arguing the ruling violated fundamental insolvency law and stretched equitable powers to the breaking point....

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