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Nortel Gets OK For First Steps Of $7.3B Allocation Deal

By Matt Chiappardi ( October 21, 2016, 4:22 PM EDT) -- A Delaware bankruptcy judge gave Nortel Networks Inc. the nod Friday for the first steps connected to the proposed resolution of its yearslong $7. 3 billion sale-proceed allocation fight, but looming potential conflicts with the U. S. Pension Benefit Guaranty Corp. and others may still upset the deal. . . .

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