Stull, Stull & Brody Announces Class Action Against Lucent Technologies

Business Wire, Jan 13, 2000

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--Jan. 13, 2000

The following announcement is from the law firm of Stull, Stull & Brody:

Notice is hereby given that a class action lawsuit was filed on January 13, 2000, in the United States District Court for the District of New Jersey on behalf of all persons who purchased the common stock of Lucent Technologies, Inc. (NYSE:LU)("Lucent" or the "Company") between October 27, 1999, and January 6, 2000 (the "Class Period").

The complaint charges Lucent and certain of its senior executives with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. In particular, the complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's deteriorating financial condition and the Company's inability to control costs and maintain profit margins.

Plaintiff seeks to recover damages on behalf of class members and is represented by, among others, the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions.

If you are a member of the class described above, you may, not later than 60 days from January 7, 2000, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull and Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull and Brody, 6 East 45th Street, New York, NY 10017.