Deal In Juniper Backdating Case Gets Judge's Nod

Law360, New York (November 13, 2008, 12:00 AM EST) -- A judge has given final approval to a settlement that ends derivative claims brought by shareholders on behalf of Juniper Networks Inc. over alleged stock options backdating — a move that will allow the information technology company to recover $22.7 million as a result of stock repricing by some of its senior officers and directors.

In an order Thursday, Judge James Ware of the U.S. District Court for the Northern District of California approved the deal, which also calls for plaintiffs' counsel to receive $9 million...
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