SAN FRANCISCO--(BUSINESS WIRE)--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”).
“are conducting investigations into possible violations by the Company of the U.S. Foreign Corrupt Practices Act.”
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 Litigation
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.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.
Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs’ law firms in the nation. In compiling the list, the National Law Journal examined recent verdicts and settlements in addition to overall track records. Lieff Cabraser is one of only two plaintiffs’ law firms in the United States to receive this honor for the last ten consecutive years.
For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com.
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