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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Lumentum Holdings Inc. – LITE

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Lumentum Holdings Inc. (NASDAQ:LITE) resulting from allegations that Lumentum may have issued materially misleading business information to the investing public.

On April 16, 2018, Reuters reported that the U.S. Department of Commerce has banned American companies, including Lumentum, 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 Lumentum fell $5.83 per share or over 9% to close at $58.47 per share on April 16, 2018.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Lumentum investors. If you purchased shares of Lumentum please visit the firm’s website at http://www.rosenlegal.com/cases-1323.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was ranked No. 1 in the Nation for Number of Securities Class Action Settlements in 2017. The firm has been ranked in the Top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Underlying
Lumentum Holdings

Lumentum Holdings is a provider of optical and photonic products addressing a range of end-market applications including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers for manufacturing, inspection and life-science applications. The company operates in two segments: Optical Communications, which includes products such as components, modules and subsystems that address the Telecom and Datacom markets as well as its laser light sources for mobile devices, gaming, computers, and industrial segments in the consumer and industrial markets; and Commercial Lasers, which provides high-powered and ultrafast lasers for the industrial and scientific markets.

Provider
BusinessWire
BusinessWire

Business Wire, acquired by Berkshire Hathaway in 2006, is the global market leader in commercial news distribution. Thousands of member companies and organisations depend on Business Wire to transmit their full-text press releases, regulatory filings, photos and other multimedia content to journalists, financial professionals, investor services, regulatory authorities and consumers worldwide. For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.


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