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Gold/Mining/Energy : Gold Price Monitor
GDXJ 99.85+6.2%Nov 24 4:00 PM EST

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To: John Mansfield who wrote (27358)1/30/1999 7:24:00 PM
From: John Hunt  Read Replies (1) of 116764
 
Y2K lawsuit could cost AT&T and Lucent $1-billion

<< AT&T Corp. and Lucent Technologies Inc. have been hit with a massive Y2K class action suit that could leave the U.S. telecommunications giants on the hook for more than $1-billion in damages.

The lawsuit, brought on behalf of anyone who bought mid-size office telephone systems that are not Y2K compliant, could turn out to be one of the largest filed in connection with the millennium bug.

The complaint, filed yesterday in New Jersey state court, alleges AT&T and Lucent sold defective systems up to late 1997 knowing they would work only until Dec. 31, 1999. -- cont'd -- >>

canoe.ca

Y2K should keep the lawyers in pocket change for many years.


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