UPDATE April 2023
Due to the complexities of securities cases, claims processing takes a significant amount of time to ensure that all claims are processed accurately. This requires an in-depth review of every claim and supporting document submitted.
Claims for this case have been reviewed for deficient conditions, and letters and emails regarding deficiencies and denials have been sent.
We are currently in the process of reviewing all deficiency responses submitted to determine accuracy, completeness, and impact on eligibility.
If action is needed on your part, you will receive a Notice of Deficient Condition via US Mail or email from Info@FinisarSecuritiesLitigation.com.
This process can take between 2 to 4 months.
Please know we are working diligently to give each claim its due attention and review.
We appreciate your patience and understanding.
Notice of Pendency of Class Action: Please be advised that your rights may be affected by the above-captioned securities fraud class action (the “Action”) pending in the United States District Court for the Northern District of California (the “Court”), if you purchased or otherwise acquired the publicly traded common stock of Finisar Corporation (NASDAQ:FNSR) during the period from December 2, 2010 through March 8, 2011, inclusive (the “Class Period”), and were allegedly damaged thereby (the “Settlement Class”).1
Notice of Settlement: Please also be advised that the Court-appointed Lead Plaintiff, Oklahoma Firefighters Pension and Retirement System (“Lead Plaintiff”), on behalf of itself and the Settlement Class, have reached a proposed settlement of the Action for $6,800,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).
PLEASE READ THE NOTICE CAREFULLY. The Notice explains important rights you may have, including the possible receipt of payment from the Settlement. If you are a member of the Settlement Class, your legal rights will be affected whether or not you act.
Important Dates
JANUARY 7, 2021 — Exclusion Deadline (received by)
JANUARY 21, 2021 — Objection Deadline (received by)
FEBRUARY 11, 2021 — Fairness Hearing
FEBRUARY 26, 2021 — Claim Filing Deadline (postmarked by)
- The Court presiding over this case must decide whether to approve the Settlement. Payments will be made only if the Court approves the Settlement and the time for any appeals has lapsed, or, if there are any appeals, after the appeals are resolved. Please be patient.
| YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT | |
|---|---|
Submit a Claim Form POSTMARKED NO LATER THAN FEBRUARY 26, 2021 |
This is the only way to be eligible to receive a payment from the Settlement. |
Exclude Yourself from the Class by submitting a written request for exclusion so that it is received NO LATER THAN JANUARY 7, 2021 |
If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement. This is the only option that allows you to participate in another lawsuit against the Defendants relating to the class claims being released in this case. |
Object by submitting a written objection so that it is received NO LATER THAN JANUARY 21, 2021 |
If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses, you may write to the Court and explain why you do not like it/them. |
Go to a Hearing ON FEBRUARY 11, 2021 and file a notice of intention to appear so that it is received no later than JANUARY 21, 2021 |
You may ask to speak in Court about the Settlement. |
Do Nothing |
Get no payment. Give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
1 All capitalized terms not defined in the Notice have the meanings provided in the Stipulation and Agreement of Settlement, filed with the Court on July 14, 2020.