IN RE NORTEL NETWORKS CORP. SECURITIES LITIGATION

No. 01 Civ. 1855(RMB).

238 F.Supp.2d 613 (2003)

In re NORTEL NETWORKS CORP. SECURITIES LITIGATION

United States District Court, S.D. New York.

January 3, 2003.


Attorney(s) appearing for the Case

Joshua M. Lifshitz, Peter D. Bull, Bull & Lifshitz, New York City, John Halebian, Wechsler, Harwood, Halebian & Feffer, LLP, New York City, Steven Schulman, Milberg, Weiss, Bershad, Hynes, LLP, New York City, Mark Smilow, Weiss & Yourman, New York City, for plaintiffs.

Stuart Baskin, Sherman & Sterling, New York City, Mark Allen Strauss, Kirby, McInerney & Squire, New York City, Fred I. Isquith, Wolf, Haldenstein, Adler, Freeman & Hertz, New York City, Marvin L. Frank, Rabin & Peckel, LLP, New York City, Richard A. Speirs, Zwerling, Schacter & Zwerling, LLP, New York City, Marc I. Gross, Pomerantz, Haudek, Block, Grossman & Gross, LLP, New York City, Kenneth A. Elan, New York City, Jules Brody, Stull, Stull & Brody, New York City, Gary S. Graifman, Robert D. Wilkins, Kantrowiz, Goldhamer, & Graifman, New York City, Peter L. Masnik, Kalikman & Masnik, Haddonfield, NJ, Jeffrey Hermann, Cohn, Lifland, Perlman, Herman & Knopf, NJ, James P. Bonner, Salov, Stone & Bonner, New York City, Robert C. Susser, New York City, Brian Berry, CA, Andrew M. Schatz, Hartford, CT, Joseph Weiss, Weiss & Yourman, New York City, Roy J. Jacobs, New York City, Shaye Fuchs, NY, James Bashian, New York City, Laurence Rosen, New York City, Michael J. Kane, Mager, White & Goldenstein, LLP, Philadelphia, PA, for defendants.


DECISION AND ORDER

BERMAN, District Judge.

I. Introduction

This Decision and Order resolves Nortel Networks Corporation's ("Nortel" or "Company") motion(s) to dismiss, pursuant to Rules 12(b) and 9(a) of the Federal Rules of Civil Procedure, a series of purported class actions alleging violations of the federal securities laws, particularly Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78j(b), Rule...

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