Judge Rules Against Lucent in Breach of Contract Case
An AP newswire article, via The Mercury News, report sthat:
Telecommunications equipment maker Lucent Technologies Inc. said Thursday it lost a breach of contract suit brought by the trustee for Winstar Communications, and was ordered to pay a fine of $244 million plus costs by a bankruptcy court judge in Wilmington, Del.
As a result, the company said it will take a $300 million charge in its first fiscal quarter, which ends Dec. 31.
posted by Fergie @ 12/22/2005 09:09:00 AM
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