According to the Complaint, Applied Optoelectronics, Inc. ("the "Company") purports to design and to manufacture fiber-optic networking products, primarily for four networking end-markets: internet data center, cable television, telecommunications, and fiber-to-the-home.

The Complaint alleges that, during the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that certain of the Company’s lasers were susceptible to fail prematurely; (2) that certain of the Company’s transceivers utilizing these lasers would be materially affected; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On January 4, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on March 5. Defendants filed a Motion to Dismiss the amended Complaint on May 6. On January 29, 2020, the Court issued an Order granting Defendants' Motion to Dismiss, dismissing the claims with prejudice.