Firm Announces Investigation of Juniper Networks

Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Juniper Networks, Inc.

Juniper Networks designs, develops, and sells products and services that together provide its customers with network infrastructure that creates responsive and trusted environments for accelerating the deployment of services and applications over a single network. The company was founded in 1996, and is headquartered in Sunnyvale, California.

Robbins Umeda LLP's investigation focuses on whether the directors and officers of Juniper Networks harmed the company and investors by issuing materially false and misleading statements to investors that have damaged the company's value and reputation. Beginning on July 20, 2010, Juniper Networks's fiduciaries allegedly issued improper statements to investors that failed to reflect adverse material facts about technical issues with the company's SRX product line, the impact of increased competition from rival security providers, and high turnover in the company's sales force.

Also at this time, Juniper Networks's Chief Executive Officer Kevin R. Johnson, along with other senior executives, allegedly engaged in a coordinated insider trading scheme to reap over $146.5 million in illicit proceeds from stock options sold while the company traded at inflated prices.

Then, on July 26, 2011, Juniper Networks issued a press release announcing disappointing second quarter results for fiscal year 2011. The press release acknowledged that growth during the quarter was far below Juniper Networks's previous guidance and that, as a result, the company would be forced to lower its full-year guidance for 2011. On this news, shares of Juniper Networks fell considerably to close to $31.17 on July 26, 2011, and then to $24.66 on July 27, 2011.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys.