Nortel Pushes ERISA Stay Pending High Court Ruling

Law360, New York (September 10, 2007, 12:00 AM EDT) -- Anxiously looking toward the U.S. Supreme Court, Nortel Networks Corp. has asked the judge presiding over a lawsuit involving the pensions of nearly 12,0000 employees to shelve an earlier request to dismiss the proceedings until the high court rules on a similar case later this year.

On Friday, the so-called Nortel defendants filed their demand to stay a previous motion to dismiss filed in the U.S. District Court for the Middle District of Tennessee, citing the importance of the upcoming LaRue suit to the resolution of...
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