Class Action Cases

Oclaro, Inc.

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On April 16, 2018, Reuters reported that the U.S. Department of Commerce has banned American companies, including Oclaro, 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 Oclaro fell $1.43 per share or over 15% to close at $7.99 per share on April 16, 2018.

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