An investigation for investors in Finisar Corporation (NASDAQ: FNSR) shares over potential securities laws violations by Finisar Corporation was announced.
San Diego, CA -- (SBWIRE) -- 05/04/2018 -- An investigation was announced concerning possible violations of securities laws by Finisar and certain of its directors and officers.
Investors in shares of Finisar Corporation (NASDAQ: FNSR) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Finisar Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sunnvale, CA based Finisar Corporation reported that its total Revenue rose from over $1.26 billion for the 12 months period that ended on May 1, 2016 to over $1.44 billion for the 12 months period that ended on April 30, 2017 and that its Net Income over those time periods increased from $35.19 million to $249.34 million.
On April 16, 2018, it was reported that the U.S. Department of Commerce has banned American companies, including Finisar, 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.
Those who purchased shares of Finisar Corporation (NASDAQ: FNSR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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Email: Click to Email Michael Daniels