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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.
The 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.