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Juniper Networks might have unlawfully backdated stock options for executives.
Investigation Source (Case #06-cv-04327)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Investments
- Back Dating Stock Options
Product or Service
- Common Stock
Injury Type
- Monetary Loss
Investigation Details
This is a securities fraud class action lawsuit against Juniper Networks alleging that Juniper violated federal securities laws by manipulating stock option grant dates to coincide with low stock prices and issuing false and misleading statements including, among others, incorrect financial statements due to the improper accounting of stock option grants.
The class action complaint charges Juniper Networks and its top executive officers and directors violated the federal securities laws by failing to account properly for stock options made to Juniper Networks employees. The complaint charges that Juniper Networks improperly expensed stock options, thereby falsely inflating the company's reported financial performance.
The class action complaint charges Juniper Networks and its top executive officers and directors violated the federal securities laws by failing to account properly for stock options made to Juniper Networks employees. The complaint charges that Juniper Networks improperly expensed stock options, thereby falsely inflating the company's reported financial performance.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Juniper Networks, Inc. (JNPR) | Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure. |