Processing your request

please wait...

Case Page


Case Status:    DISMISSED    
On or around 01/23/2014 (Court's order of dismissal)

Filing Date: August 12, 2013

According to the law firm press release, Juniper Networks, Inc. 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 throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business and operations. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was in violation of the U.S. Foreign Corrupt Practices Act ("FCPA"); (2) the Company lacked effective internal controls over financial reporting; and, (3) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.

On August 8, 2013, after the market closed, the Company disclosed that the SEC and the U.S. Department of Justice, "are conducting investigations into possible violations by the Company of the U.S. Foreign Corrupt Practices Act." On this news, shares fell $1.24 approximately 5.13% percent to close at $20.92 per share on August 9, 2013.

On November 12, 2013, the Court issued an Order appointing lead plaintiff and approving lead counsel.

On January 9, 2014, the Lead Plaintiff filed a Notice voluntarily dismissing this action without prejudice.


Sector: Technology
Industry: Computer Networks
Headquarters: United States


Ticker Symbol: JNPR
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 13-CV-03733
JUDGE: Hon. William H. Orrick
DATE FILED: 08/12/2013
CLASS PERIOD END: 08/08/2013
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
  2. Pomerantz LLP (New York)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available