Former Nortel CEO Mike Zafirovski is seeking more that $12 million from the bankrupt company, according to a filing in the US Bankruptcy Court for the District of Delaware.
The Canadian government's industry minister announced last week it will only allow Avaya to buy Toronto-based Nortel's enterprise business if Avaya can prove the $915 million deal is beneficial to Canada.
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
- mburton325
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Nortel lost $5.8 billion in 2008
Report: Nortel seeks to sell off more business units
Sale of key Nortel assets may be inevitable
IT industry graveyard 2009
Former execs offer to buy Nortel: report
IBM, HP lead the way on green IT
Nortel exec issues promise to detail its reorganization
Nortel mulls bankruptcy
Nortel to lay off another 3,200 workers
Nortel lays off execs connected to Microsoft ICA partnership