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Sarbanes-Oxley News & Developments

SEC Charges Lucent, Executives

Imposes the largest penalty ever for not cooperating with an SEC probe.

> > The SEC fined Lucent Technologies Inc. $25 million for not cooperating with an investigation of its accounting practices and charged 10 executives with securities fraud and helping Lucent violate federal securities laws. This is the largest penalty imposed on a company for not cooperating with an SEC probe.
Source: CFO

Published:2004-05-18

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