Wanland v. Nortel Networks

Frequently Asked Questions

  1. How do I get paid?
  2. What happens if I do not opt-out?
  3. How are the attorneys paid?
  4. When will this settlement be approved?
  5. How do I opt out of this settlement?
  6. How do I object to the settlement?
  7. How do I file a claim for a cash payment?
  8. Can I attend the hearing?
  1. How do I get paid?

    Settlement Class members who file valid, timely claims will receive a cash payment, which will be calculated as a share of the net distributions on an allowed general unsecured bankruptcy claim totaling $400,000 against NNI.  The amount of each Settlement Class member’s payment is unknown at this time, and shall depend on (i) the number of Settlement Class members who submit timely, valid claims; (ii) the percentage recovery for general unsecured creditors on allowed claims in NNI’s bankruptcy proceedings; and (iii) the costs of this notice and class settlement administration, which will be deducted, together with a $10,000 incentive award for the  class representative, from the amount recovered on the $400,000 allowed claim before any distribution (of the remaining amount) is made to the Settlement Class members. A hearing regarding confirmation of NNI’s Chapter 11 Plan is scheduled for January 24, 2017, at 10:00 a.m. EST and any objections to that Plan are due by January 9, 2017, at 4:00 p.m. EST.  Information on NNI’s Chapter 11 Plan can be found at http://dm.epiq11.com/#/case/NNI/info. A copy of the Confirmation Hearing Notice appears in the Case Documents.

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  2. What happens if I do not opt-out?

    All Settlement Class members who do not timely opt out of the settlement will forever release all legal claims, against the Settling Nortel Defendants relating to the equipment leases they entered into with NorVergence, Inc. for the lease of the Matrix boxes, Matrix Soho boxes or other network equipment provided by NorVergence, Inc. between January 1, 2001, and June 30, 2004, and will not be able to assert any claims against the Settling Nortel Defendants on account of that issue.

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  3. How are the attorneys paid?

    The law firms of Schnader Harrison Segal & Lewis LLP, Cafferty Clobes Meriwether & Sprengel LLP, and Rosenfeld Hafron Shapiro & Farmer (“Class Counsel”) have applied to the Court for attorney’s fees of $100,000.  Any fees and costs actually awarded and paid to Class Counsel will be determined by the courts, and will be deemed an allowed general unsecured claim against NNI.

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  4. When will this settlement be approved?

    A Final Approval Hearing will be held on June 28, 2017, at 10:00 a.m., before the Honorable Rosemary Gambardella of the United States Bankruptcy Court for the District of New Jersey located at 50 Walnut Street, Third Floor, Newark, NJ 07102.  Settlement Class members may attend only if they file a timely objection to the settlement with notice of intent to appear. 

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  5. How do I opt out of this settlement?

    You may opt out of this settlement by mailing a written request to Wanland v. Nortel Networks Corp. Settlement Administrator, P.O. Box 43446, Providence, RI 02940-3446, by February 27, 2017.  If you opt out, you will not be entitled to receive the cash payment described above.  Moreover, the Defendants will retain the rights to dispute any claim asserted by you in the future.  

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  6. How do I object to the settlement?

    If you wish to object to the fairness of the settlement, you must file a written objection with the Court on or before February 27, 2017, and by the same date you must send a copy of that written objection to both (1) Class Counsel, Nyran Rose Rasche, Cafferty Clobes Meriwether & Sprengel LLP, 150 S. Wacker Drive, Suite 3000, Chicago, IL 60606, and (2) NNI’s counsel, Matthew J. Livingston, Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, New York, NY 10006.  You will receive no further notice about this case.  Additional information about the case, including the settlement agreement, may be reviewed in the court file or by visiting the Case Documents on this website.  

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  7. How do I file a claim for a cash payment?

    Class members may file claims for payment from the settlement fund here.  The deadline to file a claim is April 13, 2017.

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  8. Can I attend the hearing?

    If you object to the settlement and file a timely objection with notice of intent to appear, you may attend the Final Approval Hearing on June 28, 2017, at 10am. Class members planning to attend should check the court file or the Home Page of this website, or call 888-240-4541, to confirm that the date has not been changed.

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