Overview
On January 14, 2009, Nortel Networks Corporation and several of its affiliated companies ("Nortel") were granted protection from their creditors under the Companies' Creditors Arrangement Act (the "CCAA") pursuant to an Order of the Honourable Justice Morawetz. Ernst & Young was appointed as Monitor of Nortel's CCAA proceedings.
On May 27, 2009, the Ontario Superior Court of Justice (Commercial List) granted a Representation Order appointing Koskie Minsky LLP as Representative Counsel for all former employees of Nortel. In accordance with the Representation Order, KM will act as Representative Counsel to all former employees of Nortel, unless specifically excepted or unless the individual chooses otherwise. If you are a former employee of Nortel, you do not need to provide KM with an Authorization & Retainer Form or a cheque for $150.00 in order to be represented by our firm. Please do not forward a cheque to KM or to the Nortel Retiree and Former Employee Protection Committee (the "NRPC").
On July 30, 2009, Koskie Minsky was appointed as Representative Counsel for employees of Nortel who are in receipt of long-term disability benefits, subject to certain exceptions. As LTD benefits continue to be paid by Nortel, these individuals do not have a claim against Nortel. If claims should arise in the future, Koskie Minsky as Representative Counsel will file claims on behalf of LTD recipients.
On March 31, 2010, the Ontario Superior Court of Justice approved a Settlement Agreement which secures the continuation of medical and life insurance benefits, and long-term disability and survivor income benefits, through 2010. As part of the negotiated settlement, eligible terminated employees will also get a lump sum payment in advance of the claims process. Please
click here for a summary of the revised Settlement Agreement.
Si vous souhaitez parler à un agent bilingue, veuillez composer le numéro de notre ligne sans frais 1-866-777-6344 Si vous préférez poser vos questions par courier électronique notre addresse est
nortel@kmlaw.ca.
Pour consulter les bulletins d'informations rédigés par Koskie Minsky, cliquez ici.