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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.

COMPANY INFORMATION:

Sector:
Industry:
Headquarters: United States

SECURITIES INFORMATION:

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 START: 04/24/2012
CLASS PERIOD END: 08/08/2013
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date