Real-time Stock quotes, portfolio, LIVE TV and more.
Sep 21, 2012, 10.26 PM IST
ALCATEL-LUCENT-FRAUD:Alcatel-Lucent unit settles fraud claim for $4.2 million
WASHINGTON (Reuters) - A subsidiary of Alcatel-Lucent SA has agreed to pay $4.2 million to settle allegations by the U.S. government that it submitted misleading information while working on a military contract, the U.S. Justice Department said on Friday.
The unit, Lucent Technologies World Services Inc, was awarded a $250 million contract in 2004 to design and build an emergency communications system in Iraq, the department said.
(Reporting by David Ingram; Editing by Lisa Von Ahn)
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals