Judge Largely Denies Bid To Toss Backdating Suit

Law360, New York (April 3, 2008, 12:00 AM EDT) -- A judge has kept alive much of a proposed class action filed against information technology company Juniper Networks Inc. and some of its senior officers and directors that alleges stock options backdating practices at the company violated securities laws.

In a decision March 31, Judge James Ware of the U.S. District Court for the Northern District of California said that the complaint met the pleading standards for claims that the company and officers filed false registration statements and violated control person liability standards under securities laws....
To view the full article, register now.