BACKDATED STOCK OPTIONS
 

Shapiro Haber & Urmy LLP Now Investigating Stock Options Backdating Practices By Juniper Networks

Shapiro Haber & Urmy LLP is currently investigating stock options backdating practices at over 100 companies, including Juniper Networks.

Regarding Juniper Networks, as reported in The Wall Street Journal, "Juniper Networks said May 22 it received a request for information from the office of the U.S. Attorney for the Eastern District of New York, relating to the company's granting of stock options. The Sunnyvale, Calif., company said it is responding to the request and it intends to cooperate fully. The Juniper board's audit committee is reviewing its historical stock-option practices. On July 19, the company said it believes it will record additional noncash charges for stock-based compensation expenses, but added it didn't know if this would result in any restatements. On Aug. 10, the company said it needs to restate historical financial results to record additional noncash charges for expenses related to option grants."

If you are a current stockholder in Juniper Networks and would like to learn about your legal rights in seeking to remedy improper options backdating at the company, please click here or call 800-287-8119 to contact our paralegal, Sophie Horowitz.  Our initial consultation and case assessment will be done at no charge or obligation to you.

Shapiro Haber & Urmy LLP is a leading force in bringing lawsuits on behalf of shareholders who own stock in corporations implicated in the rampant and ongoing stock options backdating scandal.  Led by attorneys Edward F. Haber and Michelle H. Blauner, our firm has already filed numerous cases, in both state and federal courts, concerning the improper backdating of stock options granted to officers, directors, and executives who appear to have used backdated stock options to create for themselves tens, or even hundreds, of millions of dollars in profit and unrealized gain at the direct expense of their corporations.

To learn more about our efforts targeting unlawful corporate stock options practices at corporations nationwide, please click here to view our main stock options backdating webpage, which contains detailed explanations of stock options, option backdating, and why option backdating can be illegal.  Also featured are complaints filed by our firm in other stock options backdating cases, as well as a full list of all the corporations we are currently investigating.