Corporate Giant in a 2001 Bankruptcy

By 2016 Nortel had sold billions of dollars in assets. Enron Corporation was an American energy commodities and services company based in Houston TexasIt was founded by Kenneth Lay in 1985 as a merger between Lays Houston Natural Gas and InterNorth both relatively small regional companiesBefore its bankruptcy on December 2 2001 Enron employed approximately 29000 staff and was a major electricity.

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And Canada approved a negotiated.

. The bankruptcy case was the largest in Canadian history and left pensioners shareholders and former employees with enormous losses. Courts in the US. In 2009 Nortel filed for bankruptcy protection in Canada and the United States triggering a 79 decline of its corporate stock price.

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