Chitwood & Harley Makes Announcement.Business Editors ATLANTA--(BUSINESS WIRE)--Jan. 19, 2000 The following is a letter from Chitwood & Harley: ATTENTION LUCENT TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .("LU") SHAREHOLDERS You are hereby notified that Chitwood & Harley has filed a securities class action in the United States District Court for the District of New Jersey The United States District Court for the District of New Jersey is the Federal district court whose jurisdiction is the state of New Jersey. It was established in 1789. New Jersey is the largest state by population to only have one District Court. The Honorable Garrett E. on behalf of a class of persons and entities, other than Defendants, who purchased Lucent Technologies, Inc. common stock between October 27, 1999 and January 6, 2000, inclusive (the "Class Period"). The complaint alleges that Lucent and certain of its officers and directors have violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. certain provisions of the Securities Exchange Act of 1934. The complaint alleges that Defendants made misrepresentations about the Company's business, earnings growth, and financial statements, as well as its ability to continue to achieve profitable growth in order to artificially inflate inflate - deflate and maintain the price of Lucent's stock. The complaint alleges that as a result of these misrepresentations and omissions made by the Company, the price of Lucent's common stock was artificially inflated during the Class Period. The complaint alleges that on January 6, 2000, Lucent revealed that results for the first fiscal quarter would fall short of analysts' expectations. This revelation caused the price of Lucent's stock to drop more than $20 per share. Plaintiff is represented by Chitwood & Harley, an Atlanta law firm that concentrates its practice in representing victims of securities fraud and corporate mismanagement mis·man·age tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es To manage badly or carelessly. mis·man  age·ment n. , as well as other complex
litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.When a person begins a civil lawsuit, the person enters into a process called litigation. . Chitwood & Harley has been appointed lead counsel in several major actions pending in both federal and state courts and has been instrumental in recovering millions of dollars on behalf of investors and shareholders. Any member of the proposed class who wishes to move the Court to serve as lead plaintiff must do so no later than March 7, 2000. 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 with respect to this matter, you may contact: Nichole T. Browning (888) 873-3999 (toll-free) or by e-mail at ntb@classlaw.com, CHITWOOD & HARLEY, 2900 Promenade II Promenade II is a 691-foot (211-meter) tall skyscraper in Midtown Atlanta. It has 40 stories of office space and its construction was completed in 1990. It is currently the seventh-tallest skyscraper in Atlanta. , 1230 Peachtree Street Peachtree Street is the main north-south street of Atlanta, Georgia. The city grew up around this one street, and many of its historical and municipal buildings are or were located along it. , N.E., Atlanta, Georgia 30309. For more information about Chitwood & Harley, please visit our website at www.classlaw.com |
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