Class Cert. Recommended In Nortel ERISA Case

Law360, New York (September 3, 2009, 2:22 PM EDT) -- A magistrate judge involved in multidistrict litigation against Nortel Networks Corp. has recommended certifying a class that claims the defendants breached their fiduciary duty by representing its stock as a prudent investment, though its value was artificially inflated.

Magistrate Judge John S. Bryant signed his report and recommendation on Wednesday provisionally recommending that the U.S. District Court for the Middle District of Tennessee grant the plaintiffs' bid for class certification, and that plaintiffs' current counsel — including Branstetter Kilgore Stranch & Jennings PLLC, Berger & Montague...
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