Skip to content
AnalystLens

CIENA CORP 8-K Report, Corporate Update (Feb 1, 2008)

Reports
Other Events
Filing Date
Filed February 1, 2008
Period End
January 31, 2008
Security
CIEN
In the record · 2016–202610-K1010-Q338-K105

CIEN filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 105 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’16Apr ’16
  2. FY2018 annual report10-K · Dec ’18Dec ’18
  3. Leadership change8-K · Apr ’21Apr ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed February 1, 2008. Cited figures are marked; the original filing is the authoritative source.

Ciena Corporation (CIEN) has announced the settlement of a patent-related litigation with Northrop Grumman Guidance and Electronics Company (formerly Litton Systems, Inc.).

This settlement, effective January 31, 2008, resolves all claims related to the lawsuit pending in the United States District Court for the Central District of California. Ciena has made a one-time payment of $7.7 milliona to finalize this matter. The financial impact of this settlement will be recognized in Ciena's first quarter of fiscal year 2008.

While this represents a one-time expense, investors should note that the company has successfully concluded this legal dispute, removing a potential ongoing financial and operational uncertainty. The details of the original litigation were previously disclosed in Ciena's Form 10-K filing dated December 27, 2007.

02—Key points

Key Highlights

  1. Ciena Corporation settled a patent litigation with Northrop Grumman Guidance and Electronics Company.
  2. The settlement agreement was entered into on January 31, 2008.
  3. A one-time payment of $7.7 million was made to fully satisfy all claims.
  4. This payment will be recorded in Ciena's first quarter of fiscal year 2008.
  5. The litigation was pending in the United States District Court for the Central District of California.
  6. The settlement resolves all outstanding claims in the lawsuit.
  7. Prior litigation details were available in Ciena's Form 10-K filed on December 27, 2007.

03—Questions

Frequently Asked Questions

  1. What is the primary reason for this 8-K filing?

    This 8-K filing is to report the settlement of a patent-related litigation between Ciena Corporation and Northrop Grumman Guidance and Electronics Company.

  2. How much did Ciena pay to settle the lawsuit?

    Ciena made a one-time payment of $7.7 million to Northrop Grumman to settle all claims in the lawsuit.

  3. When will this settlement amount be reflected in Ciena's financial statements?

    The $7.7 million payment will be recorded in Ciena's first quarter of fiscal year 2008.

  4. What was the nature of the litigation?

    The litigation was patent-related and was pending in the United States District Court for the Central District of California. Further details were previously provided in Ciena's Form 10-K filing from December 27, 2007.

04—Continue

← View all 8-K filings