A spokesperson for JDS Uniphase declined to comment on the suits, as did FLAG Telecom, another company that saw a steep dropoff in stock prices--from $40 at one point to around 15 cents today--and is also being sued for alleged misrepresentation.

Wow. Even if iAsiaWorks had sold to FLAG we would all be screwed still. At least it would have been 8 months later, though . . .

So Sue Me -- New flurry of suits alleging telecom stock inflation