Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of JDS Uniphase Corporation (“JDSU” or the “Company”) (NasdaqGS: JDSU) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of executive compensation and an amendment to the Company’s Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 2, 2012, the Board of Directors recommends that JDSU shareholders vote to approve an Amended and Restated 2003 Equity Incentive Plan by which the maximum number of JDSU shares available would be increased by 10,000,000. The issuance of the additional shares could have a severe dilutive effect on the shares of JDSU’s common stock.
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Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
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