Juniper Reaches $22.7M Backdating Deal

Law360, New York (August 26, 2008, 12:00 AM EDT) -- A proposed settlement has been brokered that will lay to rest derivative claims brought by shareholders on behalf of Juniper Networks Inc. over alleged stock options backdating, in a move that will see the information technology company recovering $22.7 million as a result of stock repricing by some of its senior officers and directors.

In court documents filed Tuesday in the U.S. District Court for the Northern District of California, plaintiffs said the proposed deal was “fair, reasonable and adequate” and should be preliminarily approved....
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