CBC Newsworld - Henry Juroviesky on Nortel Severance 03202009

Henry Juroviesky, of Juroviesky and Ricci LLP (http://www.jruslaw.com/classactions/nortelccaa/) is interviewed by CBC Newsworld journalist Andrew Nichols about Ontario Superior Court Justice Morawetz's decision to approve bonuses for the top 8 Nortel executives on March 20, 2009. Mr. Juroviesky said that on principle his clients are strenuously opposed to Nortel paying its top executive bonuses, while their severance pay has not been paid. He asked that the company reach a severance pay settlement so that the Nortel restructuring will go smoothly. He estimates that the terminated employees have the necessary 50.1% headcount amongst the creditors of Nortel to apply leverage to get the severances paid.

Category:

News & Politics

Tags:

• severance pay
• securities crime
• bankruptcy
• bonuses
• Nortel

[dianeurquhart]

Henry Juroviesky of Juroviesky and Ricci LLP and independent financial analyst, Diane Urquhart, are hosting a webinar on Wednesday, March 25, 2009 at 3:00 PM EDT to update you on our plan to accelerate and maximize the recovery of the termination and severance pay owed to Nortel Canadian terminated employees.

Google Juroviesky and Ricci LLP, go to Class Actions/Litigation, go to Nortel CCAA Proceedings, Register for Webinar at Bottom of Page.