1,000,000 + Attorneys and Legal Staff - Legal employers hire more people on LawCrossing than any other site.
New Law Closing Louisiana Abortion Clinics Could be Stalled
New Law Closing Louisiana Abortion Clinics Could be Stalled
Nathan Hardwick Accused of Embezzling Money from Own Law Firm
Nathan Hardwick Accused of Embezzling Money from Own Law Firm
Ninth Circuit Says FedEx Drivers are Employees, Not Independent Contractors
Ninth Circuit Says FedEx Drivers are Employees, Not Independent Contra...
Dykema Grabs Product Liability Superstar
Dykema Grabs Product Liability Superstar
Job Listings

Microsoft Corp. Will Have Lawyers on Hand to Guard Secrets in Nortel Networks Case

Creditors have been unable to resolve their differences after more than a year of talks and litigation. According to Bloomberg News, U.S., Canadian and U.K. creditors will fight over how to divide the cash raised through a series of auctions after what was once North America’s largest telephone-equipment maker, Nortel Networks Corp., went bankrupt in 2009. Nortel put its units under the jurisdiction of U.S., European and Canadian courts.

Bloomberg News has reported that Microsoft Corp. will have their lawyers on hand to guard secrets surrounding more than 6,000 patents that it teamed up with Apple Inc. and Sony Corp. to buy for $4.5 billion. Nortel filed for bankruptcy after losing almost $7 billion since 2005. The company said in court papers that at its height in 2000, it had reported $30 billion in annual revenue, had a market capitalization of $250 billion and employed almost 93,000 people.

A senior analyst with CRT Capital Group Inc. in Stamford, Connecticut, Kevin Starke, said in a phone interview that, “The U.S.-Canada fight on the patents will be the main part of the trial.” U.S. Bankruptcy Judge Kevin Gross has agreed to allow sensitive material to be blacked out. An attorney for Stockholm-based Ericsson, Stephen J. Shimshak, said at a pretrial hearing last week that “We not only bought those patents and those assets,” that according to a report by Bloomberg News, Shimshak said, “We also bought a lot of other information that is valuable in the marketplace.”

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Image credit: www.business.financialpost.com

Microsoft Corp. Will Have Lawyers on Hand to Guard Secrets in Nortel Networks Case by

Tagged: ,

Jaan Posted by on May 12, 2014. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Associate
USA-TX-Dallas

Our client is a north Dallas law firm who seeks a Real Estate Development Associate.  The ideal candidate will have 2-4 years law firm experience concentrated in representing real estate develope...