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Monday, October 22, 2007

A New Addition to The Securities Class Action Trial List?

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Way back in 2003, our predecessor at SLW started a list of all of the securities class actions that had gone to trial since the PSLRA was enacted. The results were updated several times over the years, but until this week, it appeared that the dearth of trials was set to continue.

But that may be about to change. A quick look at the calendar of Judge Claudia Wilken reveals that jury selection has begun in the In re JDS Uniphase Securities Litigation and the trial is set to commence as soon as tomorrow.

The Connecticut Retirement Plans and Trust Funds is the lead plaintiff and Labaton Sucharow LLP is lead counsel. Morrison & Foerster LLP and Heller Ehrman LLP represent JDS Uniphase (NASDAQ: JDSU) and the individual defendants.

We will keep you updated as events unfold.

Full disclosure: Once upon a time, the author worked on the JDS Uniphase litigation, representing one of the sub-class representatives, the Houston Municipal Employees Pension System.

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