Nortel's Creditors Said to Restart Talks to Split $7.3 Billion

  • Meeting may end long-running feud between creditors, workers
  • Court appeals in two countries have delayed cash payout

Nortel Networks Corp.’s warring creditors will meet in New York on Thursday seeking to end a standoff that has kept pensioners and bondholders waiting to divvy up $7.3 billion in the defunct telecommunications company’s seven-year bankruptcy, according to people familiar with the negotiations.

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