OCLARO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Oclaro, Inc.

NEW ORLEANS, March 19, 2018 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Oclaro, Inc. (“Oclaro” or the “Company”) (NasdaqGS: OCLR) to Lumentum Holdings Inc. (“Lumentum”) (NasdaqGS: LITE).  Under the terms of the proposed transaction, shareholders of Oclaro will receive only $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.