JDS Uniphase may have breached its duty as a fiduciary to retirement plan participants by allowing the plan to hold JDS Uniphase common stock when the company knew it was imprudent to do so.
Investigation and pending ERISA class action lawsuit filed against JDS Uniphase on behalf of all participants in the JDS Uniphase Corporation Employee 401(k) Retirement Plan for whose individual accounts the Plan held an interest in JDS Uniphase common stock between February 4, 2000 and the present.
This class action lawsuit alleges that JDS Uniphase breached its duty as a fiduciary to the Plan by allowing the plan to hold JDS Uniphase common stock when the company knew it was imprudent to do so.
Defendant Details
Name (Stock Symbol)
Brief Description
JDS Uniphase Corporation (JDSU)
JDS Uniphase Corporation provides communications test and measurement solutions, and optical products to telecommunications service providers, cable operators, and network equipment manufacturers.