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Juniper Networks, Inc. (NYSE:JNPR) Investor Files Lawsuit Over Alleged Breaches Of Fiduciary Duties

  • If you are a current long-term investor in shares of Juniper Networks, Inc. (NYSE:JNPR), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Juniper Networks, Inc.
Security
NYSE: JNPR

Case Name
Juniper Networks Shareholder Derivative Lawsuit 08/30/2013
Type of Lawsuit
Stockholder Derivative Action
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Summary

September 3, 2013 (Shareholders Foundation) - An investor, who currently holds shares of Juniper Networks, Inc. (NYSE:JNPR), filed a lawsuit against directors of Juniper Networks, Inc. over alleged breaches of fiduciary duties.
The plaintiff claims that the defendants cost shareholder in NYSE:JNPR shares more than $60 million in lost equity when the Department of Justice announced it was investigating the company for bribery in China.

On August 8, 2103, Juniper Networks, Inc. had disclosed that the U.S. 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.
Shortly after the announcement an investor filed a lawsuit against Juniper Networks, Inc. (NYSE:JNPR) over alleged violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Shares of Juniper Networks, Inc. (NYSE:JNPR) declined from $22.18 on August 8, 2013 to $18.79 per share on August 30, 2013.

On September 3, 2013, NYSE:JNPR shares closed at $19.45 per share.