Alcatel Retirees Halt Bid For Class Status

Law360, New York (June 7, 2007, 12:00 AM EDT) -- Retired workers suing telecommunications software company Alcatel USA Inc. over cuts to their pension plans want to withdraw their motion for class status to save the case.

The retirees told a Texas district court that their failed bid for an injunction against the company could irreparably damage the classwide claims if a pending appeal proved unsuccessful.

Until the U.S. Court of Appeals for the Fifth Circuit had a chance to rule on the lower court's dismissal of their motion for injunctive relief, the plaintiffs would hold...
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