SOURCE: Kendall Law Group, LLP

Kendall Law Group, LLP

June 15, 2009 17:48 ET

Kendall Law Group Announces Class Action Against Nortel Networks

DALLAS, TX--(Marketwire - June 15, 2009) - Kendall Law Group, led by former Federal Judge Joe Kendall, announces that a class action has been filed on behalf of stock purchasers of Nortel Networks Corporation (PINKSHEETS: NRTLQ). According to the complaint, certain officers of Nortel violated the Securities Exchange Act of 1934 for their failure to disclose material adverse facts about Nortel's true financial condition, business and prospects.

On September 17, 2008, Nortel issued a press release announcing its "preliminary view on certain third quarter results." The Company also announced that it was engaging in a "comprehensive review" of Nortel's business and that "planning" was "underway for further restructuring and other cost reduction initiatives." In response to the Company's announcement, the price of Nortel stock declined from $5.30 per share to $2.68.

If you purchased Nortel common stock between May 2, 2008 and September 17, 2008, you can move for "lead plaintiff" of the proposed class no later than July 20, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members. Although this case has been filed in the Southern District of New York, any investor who purchased stock during the above period may move for lead plaintiff.

If you wish to serve as a lead plaintiff, please contact attorney Hamilton Lindley at 877-744-3728 or by email at Although Kendall Law Group has not yet filed a lawsuit against the defendants, the firm has tremendous experience in representing investors against companies that have committed securities fraud. For more information about this case, your rights, and Kendall Law Group, please visit: or call us at 877-744-3728.