Friday, September 24, 2010

US Court hearing on VEBA rescheduled.

Docket 4005 posted yesterday on the Epiq web site stated that the court hearing for the VEBA proposal by the US NRPC had been rescheduled to October 14th 2010 at 10:00 AM. The bar date for objections has also been moved to 4:00PM on October 7th 2010.

To me, this reschedule looks like the court is giving Nortel's lawyers some time to get organized to object or declare otherwise. This is the second time the date has been rescheduled.

In the mean time there is no further motion yet by Nortel to terminate the health benefits but maybe that is what they are planning to do before the court hearing on October 14th.

But as I see it, no news is good news. Maybe we'll continue to have health benefits until the end of the year at least.

1 comment:

  1. I wish I understood the benefits of a VEBA if you're not eligible for the Health Coverage Tax Credit.