The Wall Street Journal had an article in yesterday's edition on the JDS Uniphase securities class action trial. The article discusses how the inability to reach a settlement forced the company to risk bankruptcy by taking its chances with a jury.
Quote of note: "Marty Kaplan, JDS's chairman, says the nine-member JDS board had its 'hawks,' who wanted to push to trial, and others who preferred to settle. But he says the plaintiffs' demands far exceeded even the largest settlement the board considered, meaning there was no 'serious debate' about whether to go to trial."Posted by Lyle Roberts at June 3, 2008 8:41 PM | TrackBack