Saturday, August 06, 2005

Lucent gets subpoenas from US regulators

Stephen Lawson writes in InfoWorld:

Lucent Technologies has received subpoenas from U.S. federal agencies in relation to two separate investigations, the company disclosed Friday in a filing to the Securities and Exchange Commission.

One of the subpoenas involved a Department of Justice (DOJ) investigation into the federal E-Rate program for connecting schools and libraries to the Internet. The DOJ is investigating possible antitrust and other violations by participants in the program, Lucent said in a Form 10-Q filed on Friday. The subpoena asked the Murray Hill, New Jersey, company to provide documents to a grand jury of a federal court in Georgia.

The other subpoena was from the Office of the Inspector General of the General Services Administration, Lucent said in the document. It involves a probe into sales of telecommunications equipment and maintenance services to the federal government.

Both subpoenas were received in the three-month period ending June 30, the term covered by the Form 10-Q. Lucent said it was too early to tell if the probes would have a material effect on its business.

0 Comments:

Post a Comment

<< Home