ENGLEWOOD CLIFFS, N.J., July 17, 2006 (PRIMEZONE) -- Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of Juniper Networks, Inc. (Nasdaq:JNPR) stock during a class period of September 1, 2003 and May 22, 2006.
The 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.
If you purchased Juniper Networks, Inc. stock between September 1, 2003 and May 22, 2006 and have sustained damages, you may, no later than September 15, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation, and you must meet certain legal requirements to serve as a lead plaintiff.
For more information regarding the lawsuit or to obtain a copy of the complaint, please contact plaintiff's counsel, Mark C. Gardy at Gardy & Notis, LLP.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca