Keller Rohrback L.L.P. Announces Additional Information for the Class Action Lawsuit Against Lucent Technologies.Business Editors, Legal Writers SEATTLE--(BUSINESS WIRE)--Aug. 29, 2001 Keller Rohrback L.L.P.'s 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. Group, Berger & Montague, Stull Stull & Brody, and Weber Goldstein Greenberg & Gallagher filed a lawsuit on July 19, 2001, 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. , Case Number 01-CV-3491, which was assigned to Judge Alfred L. Lechner, Jr., on behalf of participants and beneficiaries of the Lucent Technologies, Inc. (NYSE NYSE See: New York Stock Exchange :LU) Long-term Savings Plan for Management Employees, the Lucent Technologies, Inc. Retirement Savings and Profit-sharing Plan Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". , and the Lucent Savings Plan (referred to collectively as "The Plans"). The Class Period requested in the Complaint is from December 31, 1999, to the present. The Complaint alleges that under the law interpreting ERISA See Employee Retirement Income Security Act. ERISA See Employee Retirement Income Security Act (ERISA). , the defendants breached their fiduciary duties of loyalty and prudence by failing to disclose and inform the Plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. and beneficiaries with respect to the use of employer stock as a Plan investment. Rather than providing complete and accurate information to the Plans' participants, the Complaint alleges that the defendants withheld and concealed material information during the Class Period, thereby encouraging participants and beneficiaries to continue to make and to maintain substantial investments in Company stock and the Plans. If you wish to discuss this announcement, have information relevant to the investigation, or would like additional information on this litigation, you may contact any member of our team, including Jennifer Tuato'o, Investor Relations Investor relations The process by which the corporation communicates with its investors. Representative, attorneys Lynn Lincoln Sarko or Britt L. Tinglum, toll-free at 800/776-6044, via e-mail at investor@kellerrohrback.com, or online at www.seattleclassaction.com. Keller Rohrback L.L.P. is a law firm headquartered in Seattle that has successfully represented shareholders and consumers in class actions for over a decade. |
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