February 11, 2021
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."
October 01, 2020
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.
May 28, 2019
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.
August 14, 2017
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.
May 02, 2017
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.
November 10, 2016
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.
January 16, 2013
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.
March 17, 2011
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.