Litigation
Dec. 22, 2007
JDS Plaintiffs Rejected Big Offer
Michael Shepard successfully defended the former chief executive of JDS Uniphase in a four-week trial brought by shareholders. Before the trial, the plaintiffs rejected a $100 million settlement offer, according to sources familiar with the negotiations.
Daily Journal Staff Writer
Before the JDS Uniphase securities class action went to trial, the plaintiffs rejected a $100 million settlement offer, according to sources familiar with the negotiations who spoke on condition of anonymity.
But a four-week federal trial in Oakland proved the rejection was a mistake. The jury returned in December with a full-defense verd...
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