The US Securities and Exchange Commission has told Lucent Technologies that it might face legal action stemming from an investigation into allegations of corrupt practices in the telecom equipment maker's Chinese operations.
Lucent confirmed in a filing with the SEC that it has been told to expect a Wells notice advising the company that the SEC's staff investigators have recommended "enforcement action" against the US-based company.
Lucent confirmed that the notice related to a previously disclosed probe of its China operations under the Foreign Corrupt Practices Act.
The US company fired four China executives in April 2004 as part of an investigation that found potential violations of the act, which bars the payment of bribes by US companies operating overseas.
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