Nortel mediation talks fail

The Globe and Mail has reported that the mediation talks being held with all the representatives of the Nortel Creditors has failed to reach an agreement. That means this will drag out for a long time. The lawyers will make hay and spend a big share of the Nortel estate as all the parties argue over the disposition of the funds. I'm not sure what this means in terms of the courts. Check the following link and also look at the dockets on the Epiq website to see if the judge makes any new rulings. if I find anything out I will post it.
Tom


http://www.theglobeandmail.com/globe-investor/nortel-sale-mediation-process-fails/article1984248/