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Judge Trims SEC's Case Against Lucent Execs

Law360 (April 28, 2009, 12:00 AM EDT) -- A judge has tossed primary liability claims against all four remaining defendants in the accounting fraud case involving Lucent Technologies Inc., but other charges brought by the U.S. Securities and Exchange Commission will remain intact.

In an opinion issued Monday, Judge William H. Walls of the U.S. District Court for the District of New Jersey agreed that Jay Carter, Michelle Hayes-Bullock, Alice Leslie Dorn and Nina Aversano were not primarily liable for misleading statements on Lucent's books because none of them actually made the alleged misstatements....
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