Adrienne Woods | Bloomberg Law Nortel Networks, Inc., et al. v. Trustee of Nortel Networks UK Pension Plan; Board of the Pension Protection Fund, No. 11-1895, 2011 BL 328797 (3d Cir. Dec. 29, 2011) The United States Court of Appeals for the Third Circuit upheld a district court's denial of the appeals of the Trustee of Nortel Networks U.K. Pension Plan (the "Trustee") and the U.K. Board of the Pension Protection Fund ("PPF") from the bankruptcy courts' ruling that the police power exception to the automatic stay does not apply to their participation in the U.K. pension proceedings (the "U.K. Proceedings") initiated by the U.K. Pensions Regulator ("TPR").
The Multi-Jurisdictional Nortel Group Bankruptcies
Police Power Exception Inapplicable to Non-Governmental Units
Third Circuit Upholds Denial of Police Power Exception
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