Milberg Weiss Announces Class Action Against Lucent Technologies, Inc

Business Wire, Jan 7, 2000

Business/Legal Editors

NEW YORK--(BUSINESS WIRE)--Jan. 7, 2000

Notice is hereby given that a class action lawsuit was filed 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. ("Lucent" or the "Company") (NYSE: LU) between October 27, 1999, and January 6, 2000, inclusive (the "Class Period").

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, at Milberg Weiss Bershad Hynes & Lerach ("Milberg Weiss"), Steven G. Schulman, Samuel H. Rudman or Michael A. Swick at One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by telephone 1-800-320-5081 or via e-mail: endfraud@mwbhlny.com or visit our website at www.milberg.com.

The complaint charges Lucent and certain of its senior executives with violations of Sections 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.

If you are a member of the class described above you may, not later than sixty 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.