Lucent to emerge from SEC investigation unscathed

28 Feb 2003

Lucent Technologies has said its 16-month investigation by the Securities and Exchange Commission (SEC) will soon come to a close without the need for fines, penalties or financial restatements. The investigation began towards the end of 2001 after Lucent informed the US regulator about concerns over how it had booked USD680 million in revenues during the previous fiscal year.