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In re Finisar Corporation Securities Litigation
Case Number:
5:11-cv-01252
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 11, 2021
Calif. Judge Tells DLA Atty On Zoom: 'At Least Have A Tie On'
A California federal judge called out a DLA Piper attorney Thursday for not wearing a tie during a virtual hearing on Finisar's $6.8 million securities settlement, saying male attorneys have taken the informality of COVID-19-era remote hearings too far while joking, "At least there's not cats on the screen."
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October 01, 2020
Finisar's $6.8M Securities Fraud Deal Gets Initial Nod
A California federal judge on Thursday preliminarily approved Finisar Corp.'s $6.8 million deal to resolve a nearly decade-old proposed securities class action alleging the fiber optic supplier's CEO bumped the company's stock price up just long enough to make him and the business millions.
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May 28, 2019
Finisar Investors Again Denied Class Cert. As Suit Nixed
A California federal judge again declined to approve a class of investors claiming an inarticulate statement by the CEO of Finisar Corp. bumped its stock price up just long enough to make him and the fiber optic supplier millions, ruling that the shareholders' purported "new evidence" is not new.
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August 14, 2017
Finisar Investors Seek Class Cert. In Stock Inflation Suit
Shareholders who sued fiber optic supplier Finisar Corp. for fraud after a seemingly inarticulate statement by its CEO bumped its stock price up just long enough to make him and his company millions asked a California federal judge Monday to certify their case as a class action.
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May 02, 2017
Finisar Investors' Fraud Suit Moving Forward After 6 Years
Shareholders in fiber optic equipment maker Finisar Corp. managed to get their California federal fraud suit against the company into discovery on Monday when a judge found that alleged facts centering on a mealy-mouthed statement by an executive added up to a plausible fraud claim.
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November 10, 2016
Finisar Wants Investor Suit Over Inventory Buildup Tossed
Optical component manufacturer Finisar Corp. urged a California federal judge on Thursday to toss investor putative class claims that its CEO was aware of a product inventory buildup when he told them the stock was projected to grow, saying they don't have the facts to support their action.
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January 16, 2013
Judge Tosses Finisar Insider Trading Shareholder Suit
A California federal judge Wednesday dismissed a putative class action against Finisar Corp. and several of its executives, ruling that shareholders didn't prove the telecommunications company's brass had inflated the firm's value then cashed out millions in equity just before the company's stock price crashed.
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March 17, 2011
Investor Sues Finisar Over Low Revenue Projection
An investor in Finisar Corp. launched a class action against the network equipment maker Tuesday in California, saying that company brass misled investors about its revenue prospects.