IRS: Nortel Owes Us $3 Billion

As ex-workers and retirees try to keep their benefits alive, another revelation has come to light in the ongoing Nortel Networks bankruptcy saga. The equipment maker apparently owes the U.S. government $3 billion.

The IRS filed the claim back on Aug. 20. A judge will review the claim and make a ruling on its accuracy.

Nortel announced it was $11 billion in debt when it filed for bankruptcy earlier this year.

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