Articles tagged with: Nortel Networks

Reports, Articles, Motions, Opinions Concerning Nortel Networks Inc. Bankruptcy Preferential, Fraudulent Transfer Avoidance Adversary Proceeding Litigation

Nortel Networks Starts Bankruptcy Preference Recovery Adversary Proceedings

Nortel Networks (CALA) Inc. and certain of its affiliated debtors, as debtors in possession, have commenced filing of adversary proceeding complaints for recovery of preferential transfers under section 547 of the Bankruptcy Code (bankruptcy preferences). On October 4, 2010, the initial round of 23 complaints were filed.  A summary of the bankruptcy preference recovery actions is provided below.