MURRAY HILL, N.J.-Denying any wrongdoing, Lucent Technologies Inc. said it has received preliminary court approval to settle pending class action shareowner litigation against the company.
“The Honorable Judge Joel A. Pisano of the U.S. District Court in Newark, N.J., entered an order preliminarily approving the settlements and directing the plaintiffs’ counsel to notify potential class members concerning the proposed settlements and claims administration process,” said the company, adding that a settlement fairness hearing has been scheduled for Dec. 12, 2003.
