Judge declines to certify a class of investors in this Section 10(b) case for lack of price impact. Retained by DLA Piper A U.S. district judge denied plaintiffs’ motion for class certification in this Section 10(b) case involving Finisar Corporation, a technology company. Plaintiffs alleged that on December 2, 2010, during market hours, a statement by Finisar’s CEO misled investors to believe that the company’s growth was the result of an increase in demand and not a build-up of inventory for future use. Defendants have rebutted the B a s i c presumption of fraud-on-the-market reliance by demonstrating through a preponderance of evidence that the alleged misstatement had no price impact when made or thereafter. Defense counsel retained Dr. Alexander “Sasha” Aganin of Cornerstone Research

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