According to news story from Reuters (here) and the AP (here), the jury in the JDS Uniphase trial has delivered a defense verdict after hearing nearly three weeks of testimony.

There have been 19 securities class action trials since 1996, but this is only the 5th post-PSLRA case tried to a verdict. Our updated securities class action trial list will be available here shortly.

Stay tuned for more developments in the Apollo Group trial.

UPDATE: The Recorder has an article, here, and both The D&O Diary and The 10b-5 Daily have posts on the verdict.