Class Action Cases

Lumentum Holdings Inc.

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On April 16, 2018, Reuters reported that the U.S. Department of Commerce has banned American companies, including Lumentum, from selling components to Chinese telecom equipment maker ZTE Corporation for seven years after ZTE violated the terms of an agreement relating to a U.S. sanctions violation case. On this news, shares of Lumentum fell $5.83 per share or over 9% to close at $58.47 per share on April 16, 2018.

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