November 27, 2007

The Verdict

The trial of the year - if you are a securities litigator - has come to an end. Reuters and the Associated Press report that the jury in the JDS Uniphase trial has returned a unanimous verdict in favor of the defendants. (Thanks to Securities Litigation Watch for the links.)

Quote of note (Associated Press): "Christopher Dewees, JDS Uniphase's chief legal officer, said the company participated in multiple settlement talks since the lawsuit was filed in 2002, but the parties remained 'very far apart.' 'The company is obviously extremely pleased that the jury recognized that this case is without merit,' he said in an interview. 'But it is obviously chagrined to have spent the time, effort and money over the past 6 years to achieve this verdict.'"

Posted by Lyle Roberts at November 27, 2007 10:14 PM | TrackBack
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