'Landmark' pensions ruling hailed

Around 43,000 former employees with pensions at failed companies Lehman Brothers and Nortel should be treated in the same way as other creditors, a "landmark" Supreme Court ruling has found.

The decision follows years of legal wrangling after investment bank Lehmans went bust in 2008 with its UK-based pension fund £148 million in the red. Communication giant Nortel's European fund was £2.1 billion in debt when it collapsed in 2009.
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