October 1, 2020 - The court preliminarily approved the settlement.

July 8, 2020 - A stipulation and agreement of settlement was entered by the parties.

May 1, 2017 - The court denied the defendants' motion to dismiss.

August 19, 2016 - A motion to dismiss the second amended complaint was filed. 

July 15, 2016 - A second amended complaint was filed.

March 25, 2016 - The Court of Appeals reversed the decision of the court.

October 25, 2013 - A notice of appeal was filed.

September 30, 2013 - The court granted the defendants' motion to dismiss. The case was ordered closed.

February 20, 2013 - A motion to dismiss the amended complaint was filed.

February 6, 2013 - An amended complaint was filed.

January 16, 2013 - The court granted the defendants' motion to dismiss.

March 23, 2012 - A motion to dismiss the consolidated complaint was filed.

January 20, 2012 - A consolidated complaint was filed.

March 15, 2011 - An investor in shares of Finisar Corporation (NASDAQ: FNSR) filed a lawsuit in the U.S. District Court for the Northern District of California against Finisar Corporation over alleged violations of Federal Securities Laws. According to the complaint the plaintiff alleges on behalf of purchasers of Finisar Corporation (NASDAQ: FNSR) common stock during the period between December 2, 2010 and March 8, 2011, that Finisar Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between December 2, 2010 and March 8, 2011 materially false and misleading statements regarding its business and financial results. Finisar Corporation 12months Total Revenue went from $418.55million to $629.88 from April 30, 2007 to April 30, 2010. Finisar Corporation was able to come out of a Net Loss of $48.91million reported on April 30, 2007 to a Net Income of $14.13million reported on April 30, 2010. Shares of Finisar Corporation (NASDAQ: FNSR) traded during October 2010 under $20 per share.

On December 1, 2010 Finisar Corporation (NASDAQ: FNSR), announced record quarterly revenues and profitability for its second quarter ended October 31, 2010. Shares of Finisar Corporation (NASDAQ: FNSR) rose to almost $30 per share.

Then on December 20, 2010 Finisar Corporation announced public offering of common stock. Shares of Finisar Corporation continued to increase to $43.22 on March 4, 2011.

On March 8, 2011, after the close of trading, Finisar Corporation announced its financial results for its third quarter ended January 30, 2011. Finisar Corporation said it had record revenues exceeding $1.0billion annual run-rate. However, Finisar Corporation also disclosed that it expected adjusted earnings in the range of approximately $0.31 to $0.35 per share for the three months ending April 30, 2011.

According to analysts, on average, they had been looking for profits of about $0.44 cents per share. Finisar Corporation’s revenue forecast for the fourth quarter of $235 million to $250 million fell short of Wall Street expectations for $258.6 million, so the investigation. Finisar Corporation said in its March 8 announcement that it identified a slowdown in its business in China, a 10-day shutdown for Chinese New Year, and adjustments of inventory levels by some of its telecommunications customers as reasons for the shortfall. Shares of Finisar Corporation fell from $40.04 on March 8, 2011 to $25 on March 9, 2011 and continued to decline to $22.58 on March 15, 2011.