Science & Technology
Science and Technology
Science and Technology 
Tue, March 15, 2011
Mon, March 14, 2011
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Finisar Corporation
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against Finisar Corporation (aFinisara or the aCompanya) (NASDAQ:FNSR) concerning potential violations of federal securities laws or possible breaches of fiduciary duties by the Company or its fiduciaries. Finisar designs, develops, manufactures and markets optical subsystems and components a" primarily transmitters, receivers, transceivers and transponders a" used to interconnect equipment in short-distance local area networks (LANs), storage area networks (SANs), longer distance metropolitan area networks (MANs), fiber-to-the-home networks, cable television networks, and wide area networks.
The investigation concerns allegations that certain statements issued by the Company between December 2, 2010 and March 8, 2011, regarding Finisara™s business, operations and financial prospects were materially false and misleading. Specifically, the investigation concerns whether Finisar failed to disclose that recent revenue growth was unsustainable due to increased pricing pressures along with a slowdown in business from China.
If you purchased Finisar stock during the foregoing period, or if you acquired shares pursuant to the Companya™s December 20, 2010 secondary stock offering, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].