MURRAY HILL, N.J.-Lucent Technologies Inc. said it has distributed 200 million warrants to buy shares of the same amount at $2.75 as part of a shareowner and related class-action lawsuit settlement.
The company also said it will pay $215 million, either in cash or stock, to the settlement fund in January next year. Lucent said it had deposited $100 million of stock into an escrow account for the settlement fund in December 2003.
The lawsuits that triggered this settlement amounted to 54 separate lawsuits over alleged violations of federal securities law, although Lucent denied any wrongdoing.
