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Lucent Technologies

(LU) - Get Lufax Holding Ltd American Depositary Shares two of which representing one Report

was down 6.5% in preopen


trading after

The Wall Street Journal

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reported that the

Securities and Exchange Commission

is investigating

possible accounting fraud at the telecommunications equipment giant.

The newspaper, citing unnamed sources, said the SEC is examining whether Lucent improperly recorded $679 million in revenue for the fiscal year ended Sep. 30.

Lucent announced an accounting change in December and has been cooperating with the SEC.