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Preliminary Class Action Settlement Reached in Lawsuit Against Tellabs

New York, NY: To all persons who purchased the common stock of Tellabs, Inc. during the period from December 11, 2000 through June 19, 2001, inclusive (the “Class”).

You are hereby notified, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that a settlement of the above-captioned certified securities class action has been proposed. A hearing will be held on July 26, 2011 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, whether a proposed plan of allocation should be approved, and to consider the application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses and for the reimbursement of cost and expenses (including lost wages) to Class Representatives.

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Last updated on May-13-11