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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Oclaro, Inc. – OCLR

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Oclaro, Inc. (NASDAQ:OCLR) resulting from allegations that Oclaro 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 Oclaro, 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 Oclaro fell $1.43 per share or over 15% to close at $7.99 per share on April 16, 2018.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Oclaro investors. If you purchased shares of Oclaro please visit the firm’s website at http://www.rosenlegal.com/cases-1322.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
Oclaro Inc

Oclaro is a supplier of core optical network technology to telecommunication and data communication equipment companies. The company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. The company is a supplier of optical products such as tunable lasers, external modulators, integrated lasers and modulators and receivers. The company is also a supplier of transceivers, transponders, and controlled subsystems. The company's product offerings are: Client Side Transceivers, Line Side Transceivers, Tunable laser transmitters, Lithium niobate modulators, Transponder modules, and Discrete lasers and receivers.

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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