Sunday, February 26, 2012

Keeping tabs on the legal costs

I looked at the Epic Systems record of US court proceeding to see if there is any progress whatsoever and as usual the majority of the docket record is the compensation to law firms and executives. Is anyone keeping tabs on that? Perhaps in Canada the Monitor should be able to tell us what the tab is so far for these legal beagles. I woner if anyone is looking at it and generating a report for the US and other countries. These people are eating into our assets and enjoying the free ride. Surely there should be public disclosure of the money being funneled to these firms? Also are there any results achieved by this amount of legal attention? I sure don't see any.


Friday, February 24, 2012

Time drags on

It seems like forever since Nortel declared bankruptcy. Since then thousands of us have felt the pain of lost pensions and benefits and yet the case drags on with only the lawyers benefiting.

What a miserable 3 years it has been.

Loss of non qualified pensions.
Loss of benefits.
Shameful rejection of the disabled employees.
Cuts in pensions.
Continuous anxiety and depression over the loss of income.

Why arent we getting some movement on the mediation and distribution of the assets?

We are all getting older and some have already lost the opportunity to enjoy any payout from this despicable situation.

Time for the judges and lawyers to get their act together and complete this so we can move on with our lives.