Nortel Networks Inc., the bankrupt telecommunications company, won final court approval of a $66.9 million settlement over retiree benefits, Bloomberg News reported yesterday. Bankruptcy Judge Kevin Gross yesterday approved the agreement, negotiated with a committee representing retirees, that applies to Nortel's U.S. employees. Nortel, based in Mississauga, Ontario, filed for bankruptcy in Canada, the U.S., the U.K. and France in 2009. The case is Nortel Networks Inc., 09-10138, U.S. Bankruptcy Court, District of Delaware (Wilmington).
