account01-14-09: TORONTO - Nortel Networks Corporation announced that it will seek creditor protection under the Companies' Creditors Arrangement Act ("CCAA") in Canada and in the United States under Chapter 11 of the U.S. Bankruptcy Code, and certain of the Company's EMEA** subsidiaries are expected to make consequential filings in Europe.
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Reactions to Nortel's press release on Chapter 11 bankruptcy filing
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