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.
Adversary Proceedings Overview
Lead Bankruptcy Case Name (Case Number): In re Nortel Networks Inc. (09-10138 )
Petition Date: January 14, 2009
Filed in: United States Bankruptcy Court for the District of Delaware
Associated Cases: The Associated Debtors are: Nortel Networks Inc., Nortel Networks Capital Corporation, Nortel Altsystems Inc., Nortel Altsystems International Inc., Xros, Inc., Sonoma Systems, Qtera Corporation, CoreTek, Inc., Nortel Networks Applications Management Solutions Inc., Nortel Networks Optical Components Inc., Nortel Networks HPOCS Inc., Architel Systems Corporation, Nortel Networks International Inc., Northern Telecom International Inc., Nortel Networks Cable Solutions Inc. and Nortel Networks Inc.
Plaintiff: Nortel Networks (CALA) Inc. as Debtor in Possession
Number of Proceedings: 23 on October 4, 2010
When Filed: October 4, 2010
Adversary Proceeding Judge: Kevin Gross
Plaintiff’s Counsel: Morris Nichols Arsht & Tunnell through it attorney Donna L. Culver
Preference Period: The complaint does not identify the preference period by dates.