Lucent Reaches Settlement with SEC

Lucent reached an agreement in principle with the staff of the U.S. Securities and Exchange Commission (SEC) to settle all matters currently under investigation. Without admitting or denying any wrongdoing and without paying any fines or penalties, Lucent said it would consent to a settlement enjoining the company from future violations of the anti-fraud, reporting, books and records and internal control provisions of the federal securities laws.
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