The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of all persons who purchased the securities of Juniper Networks, Inc. (“Juniper” or the “Company”) (NYSE: JNPR) between April 24, 2012 and August 8, 2013, inclusive (the “Class Period”).
If you purchased the securities of Juniper during the Class Period, you may move the Court for appointment as lead plaintiff by no later than October 11, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.
Juniper investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.
Background on the Juniper Securities Class LitigationThe complaint charges Juniper and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Juniper designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding Juniper’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Juniper violated the U.S. Foreign Corrupt Practices Act and that the Company lacked effective internal controls over financial reporting. On August 8, 2013, after the markets closed, Juniper disclosed that the Securities and Exchange Commission and the U.S. Department of Justice “are conducting investigations into possible violations by the Company of the U.S. Foreign Corrupt Practices Act.” Following this announcement, the price of Juniper common stock fell $1.24 per share, or approximately 5.6%, to close at $20.92 per share on August 9, 2013, on unusually high trading volume.