InterDigital Inc (IDCC)

[Mooseo1]

Lucent registers shares for litigation settlement
Fri Dec 3, 2004 05:24 PM ET
WASHINGTON, Dec 3 (Reuters) - Lucent Technologies Inc. (LU.N: Quote, Profile, Research) registered 200 million shares issuable under warrants as part of a previously announced litigation settlement, according to a U.S. regulatory filing on Friday.
The warrants, which have an exercise price of $2.75 each, entitle the recipient to one share of the company's stock for up to three years after the issue date, according to the filing with the U.S. Securities and Exchange Commission.

Lucent's stock closed down 10 cents, or 2.5 percent, at $3.87 a share in Friday trading on the New York Stock Exchange.

The 2003 agreement settled 54 separate lawsuits including a consolidated shareholder class action lawsuit as well as related Employee Retirement Income Security Act (ERISA), bondholder, derivative and state securities cases.

Lucent agreed to pay a total settlement of $315 million in common stock and cash, the company announced last year.

Lucent said it could receive $550 million in proceeds from the sale of the warrants which it plans to use for general corporate purposes.