Fighting Fraud Suit Pays Off For JDS Uniphase

Law360, New York (November 28, 2007, 12:00 AM EST) -- After five years of litigation, the plaintiffs in a securities case against optical components maker JDS Uniphase learned the hard way that a drop in stock price doesn't necessarily mean a fraud has taken place. A jury's unanimous verdict found the company and its executives not guilty of securities fraud.

The case, decided on Tuesday by a jury in the U.S. District Court for the Northern District of California, centered on allegations made in 2001 the wake of the burst tech bubble.

“The plaintiffs' claim was...
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