Nortel ERISA MDL Stay Covers Individuals, Too: Judge

Law360, New York (September 28, 2009, 4:27 PM EDT) -- The judge overseeing multidistrict Employee Retirement Income Security Act litigation against bankrupt Nortel Networks Inc. has cleared up a dispute by confirming that the MDL was stayed with respect to the individual as well as the corporate defendants, but denied Nortel's request to rescind a report and recommendation that said a class should be certified.

Judge John T. Nixon of the U.S. District Court for the Middle District of Tennessee signed off on an order Friday partially granting the Nortel defendants' emergency motion to stay all...
To view the full article, register now.