NEW YORK--(BUSINESS WIRE)--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.
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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.
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