A U.S. bankruptcy judge has called a temporary truce in a fight between Nortel Networks Corp.’s U.S. division and the Canadian parent company over a $1 billion settlement with bondholders, the Wall Street Journal reported today. Judge Kevin Gross pushed off until October a planned September showdown over the settlement, which has to do with how much interest is owing on some $4 billion in bond debt issued by the former Canadian technology icon. The date has not been settled. However, whatever date is chosen, the judge wants the combatants in his chambers the evening before where they will be subjected to “a little bit of pressure.”
