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Litigation

Aug. 20, 2011

Juniper shareholders file suit over stock drop

Shareholders of Juniper Networks Inc. filed a federal securities lawsuit Thursday over a stock price drop.

By Jill Redhage
Daily Journal Staff Writer

Shareholders of Juniper Networks Inc. filed a federal securities lawsuit Thursday, alleging the company and its officers and directors irresponsibly promised long-term revenue growth of at least 20 percent despite technical issues with its products and high employee turnover. The lawsuit, filed in the Northern District, claims that misleading statements caused the stock price to be artificially inflated between July 2010 and July 20...

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