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NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Finisar Corporation And Encourages Investors With Losses In Excess of $100,000 To Contact The Firm

ACCESSWIRE

LOS ANGELES, CA / ACCESSWIRE / April 16, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Finisar Corporation ("Finisar" or the "Company") (NASDAQ: FNSR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On April 16, 2018, Reuters reported that Finisar, along with other American companies, was ordered by the U.S. Department of Commerce to stop selling their products to Chinese telecommunications equipment manufacturer ZTE for a period of seven years after ZTE allegedly violated the terms of a U.S. sanctions violation case. Based on this news, shares of Finisar fell by more than 4% or $0.66 per share, closing at $15.62 per share.

If you are a shareholder who suffered a loss, click here to participate.

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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com

SOURCE: The Schall Law Firm