August 13, 2014 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
May 5, 2014 - The court preliminarily approved the settlement.

May 1, 2014 - Parties filed an amended stipulation of settlement.

February 24, 2014 - Parties filed a stipulation of settlement.

May 30, 2013 - The court granted defendants' motion to dismiss.

April 1, 2013 - Defendants filed a motion to dismiss.

March 1, 2013 - The lead plaintiff filed a third amended consolidated complaint.

September 21, 2012 - The court granted defendants' motion to dismiss without prejudice.

May 25, 2012 - Defendants filed a motion to dismiss.

April 26, 2012 - The lead plaintiff filed a second amended consolidated complaint.

March 27, 2012 - The court granted defendants' motion to dismiss without prejudice.

December 12, 2011 - Defendants filed a motion to dismiss.

October 27, 2011 - The lead plaintiff filed an amended complaint on behalf of investors who purchased Oclaro Inc common shares between May 6, 2010 and October 28, 2010. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 6, 2010 and October 28, 2010.

September 12, 2011 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

July 18, 2011 - Lead plaintiff motions were filed.

May 19, 2011 - An investor in Oclaro Inc (NASDAQ: OCLR) shares filed a lawsuit in the U.S. District Court for the Northern District of California against Oclaro Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of purchasers of Oclaro Inc (NASDAQ: OCLR) common stock during the period between May 6, 2010 and October 27, 2010 that Oclaro Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 6, 2010 and October 27, 2010 materially false and misleading statements regarding its current business and financial condition, including projections for its first quarter 2011 and fiscal 2011 revenues, earnings and gross margins.

Oclaro Inc’s 52 weeks Total Revenue increased from $171.18 million reported on June 30, 2007 to $392.55 million reported on July 3, 2010. Its Net Income rose over the same time frame from a Net Loss of $82.17 million to a Net Income of $12.38 million.

Shares of Oclaro Inc (NASDAQ: OCLR) reached as high as $17.07 per share on October 17, 2010.

Then October 28, 2010, before the market opened, Oclaro Inc announced the financial results for its first quarter of fiscal year 2011, which ended October 2, 2010.

According to the complaint Oclaro Inc reported first quarter 2011 earnings per share of $0.01 as compared to analyst estimates of $0.22 and Oclaro Inc also posted sequential gross margin declines and reported that its anticipated second quarter 2011 revenues, earnings and gross margins, which it had previously indicated would post accelerated gains, would also be down, all as a result of sudden customer inventory corrections and weak demand visibility, among other things. On this news, so the plaintiff, Oclaro Inc’s stock price fell 37% to close at $8.60 per share on October 28, 2010, from a close of $13.68 per share on October 27, 2010, on high volume.

Since then OCLR shares were able to regain value and increased to over $18 in February 2011, but then fell in March 2011 to $10.41 and traded recently at under $10 per share.