The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The group that owns thousands of former Nortel patents filed a barrage of patent lawsuits against cellphone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.
The group that owns thousands of former Nortel patents filed a barrage of patent lawsuits against cellphone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.
(Nathan Denette/The Canadian Press)

Fees for lawyers, consultants in Nortel case top $1-billion

The bills for professional fees in the long-running bankruptcy proceedings of Nortel Networks Corp. have now topped $1-billion (U.S.), and they are expected to climb substantially further as the case heads toward a hearing next May.

An analysis of fee payments by independent consultant Diane Urquhart, who is working with a group of Nortel employees on long-term disability, shows professional fees paid to date total $323-million in Canada, $435-million in the United States and $250-million in Britain and the rest of Europe for a total of $1-billion. Her group argues the fee payments have reduced Nortel’s global estate from $10.5-billion in 2011 to $9.5-billion today.