Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in Nortel Networks Corp. to

BALTIMORE, MD, Jun 01 (MARKET WIRE) --
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of the securities
of Nortel Networks Corp. ("Nortel" or the "Company") (PINKSHEETS: NRTLQ)
during the period between May 2, 2008 and September 17, 2008, inclusive
(the "Class Period").

No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than July 20, 2009
and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class
in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You may contact Brower Piven (through hoffman@browerpiven.com or
410/986-0036) to answer any questions you may have in that regard.

The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period that demand for the Company's products was declining;
that the Company's financial results were materially overstated from a
failure to properly write down goodwill; that notwithstanding
restructuring, the Company was struggling to cut costs and improve
profitability; and as a result of the foregoing, that defendants lacked a
reasonable basis for their positive statements about the Company's
business, operations, earnings and prospects. According to the complaint,
on September 17, 2008, after the Company announced its preliminary view
on certain third quarter results and that it was engaging in a
comprehensive review of its business, the value of Nortel's stock
declined significantly.

If you have suffered a net loss for all transactions in Nortel Networks
Corp. securities during the Class Period (including shares or possibly
calls purchased during, but retained after, the Class Period or possibly
put options sold but not covered until after the Class Period), you may
obtain additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by calling
410-986-0036, or at Brower Piven, A Professional Corporation, The World
Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore,
Maryland 21202. Attorneys at Brower Piven have combined experience
litigating securities and class action cases of over 40 years. If you
choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your
choice. You need take no action at this time to be a member of the class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/986-0036
Email Contact

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