The Daily Docket: Nortel Canada Looks to Block U.S. Unit’s $1 Billio...

Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here.

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Eastman Kodak Co. posted its first profit since emerging from bankruptcy protection last year as a pared-down technology company focusing on commercial imaging, which includes digital printers and motion-picture film, The Wall Street Journal reports.

Dish’s Charlie Ergen says he has considered separating his trove of valuable wireless airwaves into some sort of ownership vehicle apart from the rest of his satellite broadcasting company, WSJ reports.

Bloomberg says GM could be on the hook for $2 billion to car owners if its bankruptcy shield fails.

A Detroit firefighters’ union criticized U.S. Bankruptcy Judge Steven Rhodes on Tuesday for an “offensive and unfair” ruling preventing creditors from challenging fees charged by the city’s bankruptcy lawyers, the Detroit News reports.

Bankrupt San Bernardino has begun repaying millions in arrears to the California Public Employees’ Retirement System (Calpers) in a deal that has ended an acrimonious relationship between the California city and its biggest creditor, reports Reuters.

DealBook looks at exchange-traded funds like Invesco, whose holdings include the distressed debt of an Energy Future Holdings’ subsidiary.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23.