Lucent Technologies controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2004
Securities and Exchange Commission enforcement matter
The Securities and Exchange Commission charged Lucent and imposed a $25 million fine related to the company's lack of cooperation in a fraud investigation.
2000
Accounting and revenue-reporting controversy
Lucent disclosed a $125 million accounting error for the third quarter of 2000 and later acknowledged that revenue for its latest quarter had been overstated by nearly $700 million. The disclosures followed concerns about aggressive sales and customer-financing practices and contributed to the departure of senior executives and a severe loss of market confidence.