Nortel Class Action Information Page

IMPORTANT NOTICE - Nortel has sought protection under the Companies' Creditors Arrangement Act (CCAA). Under the CCAA, a company which is more than $5 million in debt may apply to the Court for protection from its creditors. The CCAA provides for a court-driven process to restructure the affairs of a company that allows judges a high degree of flexibility in determining how best to deal with the specific cases before them.

As a result of the application, the Court has issued an Initial Order staying (which is a legal term for stopping) all actions or potential actions against Nortel unless the Court grants leave for an action to be commenced or continued. The stay period is originally for 30 days (until Feb 13, 2009), but will be inevitably extended until such time as the company has completed its re-organization or restructuring.

As a result, at this time, the Class Action proceeding is stayed and we cannot proceed with the certification process. However, we are in the process of reviewing the Court's Order and the situation in order to determine how best to proceed from here.

Details about the Nortel Class Action

If you are a member of the following class, you may wish to get involved now by contacting Leigh Norton at Nelligan O'Brien Payne, 613-231-8216; leigh.norton@nelligan.ca

The class is described as:

All persons employed by Nortel in Canada who were members of Part I or Part II of the Nortel Networks Limited Managerial and Non-Negotiated Pension on June 26, 2006, who, at that time had twenty years of service or greater with Nortel, its predecessors, affiliates or subsidiaries and did not meet the grandfathering criteria established by Nortel as of December 31, 2007.

Additional information can be obtained from the following documents:

> Amended Statement of Claim

> FAQs

> Media Release