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September 23, 2014

Nortel's US Wing, UK Pensioners Vie Over $7.3B in Sale Funds

By Jamie Santo

The long-running fight over how to divvy up $7.3 billion realized from Nortel Networks Corp.'s liquidation continued Tuesday as U.K. pensioners called for all parties to receive an equal percentage while Nortel's U.S. arm argued it deserved most of the proceeds since it contributed most of the value.

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