Home

Microsoft Corp. Will Have Lawyers on Hand to Guard Secrets in Nortel Networks Case
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

  
What
Where


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.”

Image credit: www.business.financialpost.com

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!!






 

RELEVANT JOBS

Corporate Attorney

USA-NJ-Fairfield

Full-Time or Part-Time Corporate Attorney We are a boutique corporate and commercial transactiona...

Apply now

Staff Attorney

USA-ME-Augusta

LEGAL SERVICES FOR THE ELDERLY STAFF ATTORNEY POSITION LSE is a statewide non-profit organizat...

Apply now

Associate Attorney - $65,000 minimum to start (more for experience)

USA-FL-Saint Augustine Beach

ST. AUGUSTINE ASSOCIATE ATTORNEY Membership in Good Standing with Florida Bar and able to re...

Apply now

Helpline Attorney

USA-ME-Augusta

Helpline Attorney Position (fulltime) Legal Services for the Elderly, Augusta, Maine. LSE is ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Maitland

Maitland office of our client seeks litigation associate attorney with 2+ years of experience in def...

Apply Now

Litigation Associate Attorney

USA-NC-Charlotte

Charlotte office of our client seeks associate attorney with 1-3 years of civil litigation. The cand...

Apply Now

Litigation Attorney at Law

USA-NJ-Eatontown

Eatontown office of our client seeks litigation attorney at law with experience. The candidate shoul...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top