Bail at $900,000 each in Lucent case
Three defendants charged with conspiring to steal trade secrets from Lucent Technologies had bail set at $900,000 each in a U.S. District Court yesterday.
If the three meet bail and are released, U.S. Magistrate Stanley Chesler ordered them into home detention, and the trio and their wives would have to relinquish their passports, according to the U.S. Attorney's Office in Newark, N.J.
Under those circumstances, the three would be able to leave only for court events related to their case or to visit with their attorneys, with permission from the U.S. Pretrial Services.
Assistant U.S. Attorney Scott Christie told CEDaily he asked for pre-trial jail time because, "I think they're a serious risk of flight."
The judge agreed on the flight risk, he says, but thought a "combination of conditions," including the bail amounts, relinquishing passports and signing waivers of extradition, would ensure the three showed at trial. According to local rules, he says, if the trio use real estate equity against bail, the amount doubles, in this case to $1.8 million. Each.
Christie's office will seek an indictment by the end of the month, and the case will go to a judge who will set a trial date, he says.
The three, two of whom were scientists at Lucent, were charged two weeks ago with conspiring to steal source code regarding Lucent's defunct PathStar project.
Lucent spokesman Bill Price told CEDaily the case is "in the hands of the U.S. Attorney's office and the FBI.
"We have no comment on anything going on with the case now. We said it all on the first day," he says.