Nortel Defends Counterclaim In ERISA Suit

Law360, New York (August 1, 2007, 12:00 AM EDT) -- Nortel Networks Corp. on Tuesday rebutted a motion to dismiss its counterclaims in a lawsuit over the pensions of as many as 12,000 employees, saying the employees had signed agreements barring them from filing the suit.

“[T]wo of the named plaintiffs as well as thousands of absent class members have no basis or standing to prosecute this action,” Nortel said in its motion, filed in the U.S. District Court for the Middle District of Tennessee.

Nortel had earlier filed a counterclaim alleging that thousands of employees...
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