Nortel US in 'Milestone' Settlement of UK, European Claims

Nortel Networks U.S. division reached a deal with European creditors and representatives of British pensioners, settling some "costly and contentious litigation" that has been tying up more than $9 billion in cash.



from WSJ.com: US Business http://online.wsj.com/article/SB10001424052702303949504579264604041362912.html?mod=pls_whats_news_us_business_f

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