JDS Uniphase Securities Trial Kicks Off

Law360, New York (October 23, 2007, 12:00 AM EDT) -- As a trial over the alleged securities fraud at JDS Uniphase Corp. kicked off on Tuesday, attorneys representing investors reportedly argued that the beleaguered telecommunications company shielded evidence of plummeting sales even as its top officers and directors cashed their shares, reaping billions of dollars in profits.

Lead plaintiffs' attorney Barbara Hart said in her opening remarks in the U.S. District Court for the Northern District of California that JDS Uniphase and four of its former executives had “more perfect information internally that they did not...
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