Violation Tracker Individual Record
Company:Lucent Technologies Inc.
Date:May 17, 2004
Offense Group:financial offenses
Primary Offense:accounting fraud or deficiencies
Lucent Technologies Inc. agreed to pay $25 million to settle allegations of securities fraud in connection with the improper recognition of approximately $1.148 billion of revenue and $470 million in pre-tax income during its fiscal year 2000.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:Finland
Ownership Structure of Parent:publicly traded
Major Industry of Parent:telecommunications
Specific Industry of Parent:telecommunications
Source of Data:
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