JDS Uniphase Securities Litigation: A Loss And A Win

Law360, New York (January 24, 2008, 12:00 AM EST) -- In November, 2007, during the course of a six week trial, the plaintiffs pursuing In re JDS Uniphase Securities Litigation, led by the Connecticut Retirement Plans and Trust Funds, demonstrated the continuing vitality of Congress’ efforts to ensure the integrity of private lawsuits to enforce the federal securities laws – even though the plaintiffs lost.

There can be no doubt that the result disappointed plaintiffs and their counsel, who, in five years of hard-fought litigation, saw their class of injured investors approved by the Court and...
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