FWIW...courtesy of Cienisbelievin over on Yahoo...
>>CIENA Announces Dismissal of Class
Action Complaint
LINTHICUM, Md.--(BUSINESS WIRE)--May 17, 2000--CIENA Corporation
(NASDAQ:CIEN - news) today announced that United States District Court for the District of
Maryland has dismissed the consolidated securities class action complaint naming CIENA and
certain of its officers and directors as defendants.
The complaint, originally filed on August 26, 1998 and subsequently dismissed and re-filed on August
20, 1999, alleged that CIENA and certain of its officers and directors violated certain provisions of
the federal securities laws by making false statements, failing to disclose material information and
taking other actions to artificially inflate and maintain the market price of CIENA's common stock
during the Class period of May 21, 1998 to September 14, 1998.
CIENA's motion to dismiss the second amended complaint was granted and the action was
dismissed by the order of the Honorable J. Frederick Motz, United States District Judge for the
District of Maryland.
Once a judgment is entered, the order will be subject to appeal. The Company has no information as
to whether an appeal will be taken.
``We're pleased with the ruling. We are happy to put the distractions of this litigation behind us so
that we can continue to focus on building shareholder value,'' said Patrick Nettles, CIENA's
president and chief executive officer.<<
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