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Holzer Holzer & Fistel, LLC Announces That It Has Filed A Class Action Lawsuit On Behalf Of Finisar Corporation Shareholders And Encourages Investors With Losses Exceeding $50,000 To Inquire About Lead Plaintiff Position

On March 15, 2011, Holzer Holzer & Fistel, LLC filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of Finisar Corporation (“Finisar” or the “Company”) (NASDAQ: FNSR) common stock who purchased shares between December 2, 2010 and March 8, 2011, inclusive (the “Class Period”). Specifically, the lawsuit alleges that, among other things, during the Class Period the Company overstated demand for its products and failed to adequately disclose increased pricing pressures.

If you purchased shares of Finisar common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than May 16, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Finisar investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.

Copyright Business Wire 2010

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