Juniper Faces Class Actions Over Alleged Misstatements

Law360, New York (August 18, 2011, 8:27 PM EDT) -- Juniper Networks Inc. was hit with its second putative class action in a week on Thursday in California by shareholders accusing the company and several individuals of assuring investors that Juniper was doing well financially when it was actually facing several problems.

Levi & Korsinsky LLP said it had launched securities fraud litigation on behalf of shareholders who were caught off guard when Juniper reported disappointing financial returns for the second quarter, after having claimed the company was on track to meet its target of revenue...
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