Legal Opinion
Securities & Exchange Commission v. Lucent Technologies Inc.
District Court, D. New Jersey
Decided April 6, 2005No. Civ. 04-2315 (WHW)PublishedCited by 20 opinions
1Opinion of the Court
OPINION
WALLS, District Judge.
Defendants Jay Carter and Michelle Hayes-Bullock move separately to dismiss certain claims in the Complaint. The Court will address all of these motions in this opinion.
FACTS AND PROCEDURAL BACKGROUND
The Complaint alleges the following: Lucent Technologies Inc. (“Lucent”) fraudulently and improperly recognized revenue and pre-tax income in violation of generally accepted accounting principles (“GAAP”) during its fiscal year 2000. As a result, Lucent improperly overstated its pre-tax income that fiscal year by sixteen percent. Lucent prematurely recognized $511…
2Cases cited46 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Hishon v. King & SpaldingSupreme Court of the United States · 1984
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
- Harold Pinker, Individually and on Behalf of All Others Similarly Situated v. Roche Holdings Ltd. Harold PinkerCourt of Appeals for the Third Circuit · 2002
41 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Securities & Exchange Commission v. WolfsonCourt of Appeals for the Tenth Circuit · 2008
- Securities & Exchange Commission v. TamboneCourt of Appeals for the First Circuit · 2008
- Securities & Exchange Commission v. Lucent Technologies, Inc.District Court, D. New Jersey · 2009
- In Re Cardinal Health Inc. Securities LitigationsDistrict Court, S.D. Ohio · 2006
- Securities & Exchange Commission v. GoldstoneDistrict Court, D. New Mexico · 2013
15 more not listed; retrieve them via the Exa API.