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.
posted by Fergie @ 8/06/2005 09:19:00 AM
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