Alcatel (ALU) Settles 12-Year-Old Lawsuit with U.S. Army for $4.2M
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Alcatel-Lucent (NYSE: ALU) is flat on the session following decision on pending litigation that has been lingering since December 2000.
Lucent Technologies World Services will pay $4.2 million under the False Claims Act Settlement following allegations it submitted misleading testing certifications to the U.S. Army. The certifications were in connection to Iraq's emergency communications system.
The whistleblower in the case will receive $758,000.
Lucent Technologies World Services will pay $4.2 million under the False Claims Act Settlement following allegations it submitted misleading testing certifications to the U.S. Army. The certifications were in connection to Iraq's emergency communications system.
The whistleblower in the case will receive $758,000.
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