Study Aids
Case Briefs Overview
Casebooks
Case Briefs
I

In re Lucent Technologies Inc. Securities Litigation

307 F. Supp. 2d 633 (2004)

From our private database of 46,500+ case briefs, written and edited by humans—never with AI.

In re Lucent Technologies Inc. Securities Litigation

United States District Court for the District of New Jersey
307 F. Supp. 2d 633 (2004)

CC

Facts

Teamsters Locals 175 & 505 D & P Pension Trust Fund and the Parnassus Fund and Parnassus Income Trust and Equity Income Fund (trust funds) (plaintiffs) sued Lucent Technologies Inc. and three of its executives (Lucent) (defendants) for acting in violation of the Securities Exchange Act of 1934. The trust funds’ claims arose from several months between 1999 and 2000 during which Lucent engaged in improper accounting practices and misled investors and the public regarding its financial health, causing investors to suffer significant losses when Lucent’s credit rating was downgraded and its share price dropped. The district court entered a preliminary order to certify the matter as a class action under Rule 23(b)(3) for the purpose of settlement negotiations. The preliminary order defined the class as any person or entity that purchased Lucent stock between October 1999 and December 2000. The trust funds and Lucent reached a settlement agreement, which provided for cash, stock, and warrants to be paid out to the class members. The district court approved the terms of the settlement and submitted the class certification and the settlement agreement for a final hearing to determine the fairness, reasonableness, and adequacy of the settlement agreement.

Rule of Law

Issue

Holding and Reasoning (Pisano, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,500 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Advanced Civil Procedure

Key Terms