Wanted: Employees With A Story To Tell

The State Treasury and Attorney General of Connecticut are leading a securities class action against JDS Uniphase Corp. (Nasdaq: JDSU), a San Jose-based fiber-optic components maker. In an interesting development, Reuters reports that the Attorney General has taken out an advertisement in the Ottawa Citizen newspaper (JDS Uniphase used to have part of its headquarters in Ottawa and still has 580 employees there) discussing the case and urging JDS Uniphase employees to dislcose what they know about the company even if they’ve signed confidentiality agreements.

Quote of note: “‘Some employees may have signed confidentiality agreements, but the court agreed with the Treasurer’s Office and the Attorney General that employees cannot be prevented from telling what they know,’ the advertisement said.”

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