SAN DIEGO and SUNNYVALE, Calif., Aug. 21, 2013 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Juniper Networks, Inc. (NYSE: JNPR) ("Juniper Networks") breached their fiduciary duties to shareholders. Juniper Networks provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers.
Robbins Arroyo Investigates Possible Violations of the U.S. Foreign Corrupt Practices Act by Juniper Networks
Robbins Arroyo LLP is investigating whether officers and directors of Juniper Networks caused the company to violate the U.S. Foreign Corrupt Practices Act ("FCPA") as a result of the company's lack of effective internal controls over its financial reporting, and whether the company made false and/or misleading statements regarding such violations. On August 8, 2013, after the market closed, Juniper Networks disclosed that the U.S. Securities and Exchange Commission ("SEC") and the U.S. Department of Justice ("DOJ") "are conducting investigations into possible violations by the Company of the [FCPA]." On this news, the company's stock declined more than 5%, to close at $20.92 per share on August 9, 2013.
Robbins Arroyo LLP highlights that Juniper Networks' shareholders have the option to pursue a shareholder derivative action through which shareholders aim to hold insider wrongdoers accountable for their actions, prevent future misconduct, and bring long-term value back to the company. Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsarroyo.com.
Press release link: http://www.robbinsarroyo.com/shareholders-rights-blog/juniper-networks-inc/
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SOURCE Robbins Arroyo LLP