Submitter does not have a specimen
Emanating from the area of the Koi Pond (which has some exotic plants), there is a varacious leaf eating insect, eating laurel leafs, bamboo leafs, and anything else in the path.
Lisa DeBruyckere
April 2, 2012, 3:41 a.m.
Here are some websites from OSU and UGA that describes shothole disease in laurels. There are non-pesticide and pesticide controls. However, based on your photos, the Laurels look healthy and vigorous. I think you will see the symptoms taper off when we get an extended period of dry weather. The laurels look relatively vigorous, even with the shotholes. Barring other factors, the laurels should recover this summer.
Pease don't hesitate to contact us if I can be of further assistance.
Prunus laurocerasus Prunus laurocerasus -- Leaf Spots and Shothole
http://plant-disease.ippc.orst.edu/ShowDisease.aspx?RecordID=930
http://ugaurbanag.com/content/shot-hole-disease
Effect of Fungicide Treatment to Control
Shot-Hole Disease of Cherry Laurel
http://www.canr.org/98013.pdf
UC Davis IPM site
http://www.ipm.ucdavis.edu/PMG/GARDEN/FRUIT/DISEASE/shothole.html
Lisa DeBruyckere
April 5, 2012, 1:49 a.m.