Akin Gump Advises Official Committee of Unsecured Creditors of Nortel Networks Inc. in $4.5 Billion Bankruptcy Auction
Contact:
A team of Akin Gump attorneys advised the Official Committee of Unsecured Creditors of Nortel Networks Inc. in Nortel Network Corporation’s recent bankruptcy auction of more than 6,000 patents and patent applications. After a multi-day auction, a consortium consisting of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony emerged as the winning bidder with a purchase price of $4.5 billion. The sale is subject to applicable Canadian and U.S. Court approvals, and is expected to close in the third quarter of 2011.
© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.