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IN RE NORTEL NETWORKS CORP.

No. 09-10138(KG).

445 B.R. 370 (2011)

In re NORTEL NETWORKS CORPORATION, et al., Debtors.

United States Bankruptcy Court, D. Delaware.

January 21, 2011.

Attorney(s) appearing for the Case

Alissa T. Gazze , Andrew R. Remming , Ann C. Cordo , Derek C. Abbott , Eric D. Schwartz , Thomas F. Driscoll, III , Morris Nichols Arsht & Tunnell, LLP, Elihu Ezekiel Allinson, III , Sullivan Hazeltine Allinson LLC, Mary Caloway , Buchanan Ingersoll & Rooney PC, Raymond Howard Lemisch , Benesch Friedlander Coplan & Aronoff, LL, Wilmington, DE, James L. Bromley , Cleary Gottlieb Steen & Hamilton, James Croft , Jennifer M. Westerfield , Juliet A. Drake , Neil P. Forrest , Robin J. Baik , Cleary Gottlieb Steen & Hamilton LLP, New York, NY, Nancy G. Everett , Winston & Strawn LLP, Chicago, IL, for Debtors.

MEMORANDUM OPINION1

KEVIN GROSS, Bankruptcy Judge.

The Debtors, Nortel Networks, Inc. ("NNI") and certain affiliates ("Nortel")2 have successfully marketed and sold most of their assets under the Court's supervision and subject to the Court's approval. One such sale, which gives rise to the dispute at issue, involves Nortel's sale of its...

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