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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 Source (Case #03-cv-04743)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Retirement Asset
- Investment Advisor Duties
Product or Service
- 401(K)
Injury Type
- Monetary Loss
Investigation Details
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.
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. |