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Case ID: 4880 | Stocks | 07/27/2006
A class action has been filed against Juniper Networks, Inc. (JNPR), certain of its officers and directors by stockholders who purchased the company's common stock between September 1, 2003 and May 22, 2006. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
According to a press release dated July 17, 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 bought Juniper Networks, Inc. securities between September 1, 2003 and May 22, 2006, inclusive, and would like to obtain information about the Juniper Networks, Inc. lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest Several class actions have been filed against industrial services provider SPX Corporation (NYSE: SPW) and certain of its officers and directors by stockholders who purchased the company's common stock between July 20, 2003, and February 26, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against Antigenics Inc. (AGEN), certain of its officers and directors by stockholders who purchased the company's common stock between September 3, 2003 and March 23, 2006. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. A class action has been filed against GlaxoSmithKline PLC (NYSE:GSK), certain of its officers and directors by stockholders who purchased the company's common stock between February 21, 2001 and August 05, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. A class action has been filed in the Northern District Court of California against Embarcadero Technologies, Inc. (NASDAQ: EMBT), a California based global technologies company, and certain of its officers and directors by stockholders who purchased the company's common stock between April 20, 2004 and October 27, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Several class actions have been filed against aviation industry security product manufacturer InVision Technologies, Inc. (Nasdaq:INVN) and certain of its officers and directors by stockholders who purchased the company's common stock between March 15, 2004, and July 30, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. Several class actions have been filed against Citigroup, Inc., the owner and operator of the Salomon Brothers and Smith Barney Mutual Funds, and certain company officers and directors by investors who purchased shares of Smith Barney and Salomon Brothers funds between March 22, 1999, and March 22, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. |
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