SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

June 12, 2009 10:32 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Shareholder Class Action Against Nortel Networks Corporation (PINKSHEETS: NRTLQ)

ATLANTA, GA--(Marketwire - June 12, 2009) - Holzer Holzer & Fistel, LLC announces it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf all persons or entities who purchased shares of Nortel Networks Corporation ("Nortel" or the "Company") (PINKSHEETS: NRTLQ) between May 2, 2008 and September 17, 2008. The complaint alleges, among other things, that certain officers of Nortel violated the Securities Exchange Act of 1934 by misrepresenting demand for the Company's products and by failing to properly write down its goodwill.

If you purchased shares of Nortel common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than July 20, 2009. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Nortel investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm.