NEW YORK, Sept. 6, 2011 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T"), www.nasd-law.com, announced today that a class action lawsuit, Case No. 11-CV-04003, has been filed against Juniper Networks (NYSE:JNPR) on behalf of investors who purchased or otherwise acquired Juniper Networks stock during the class period of July 20, 2010 through July 26, 2011. Potential class members who purchased Juniper Networks stock should consider whether they should file an individual securities arbitration claim in addition to participating in the class action. Investors who held Juniper Networks stock at a full service brokerage firm and sustained substantial losses may be able to recover their losses through the arbitration forum established by the Financial Industry Regulatory Authority ("FINRA"). FINRA's Arbitration Department is where investors, both retail and institutional, go to seek redress as a result of sales practice violations committed by their brokerage firm, including claims of over-concentration, misrepresentation and omission, unsuitable recommendations and failure to supervise.
According to the Class Action Complaint, "Defendants issued materially false and misleading statements regarding the Company's business practices and financial results. Defendants repeatedly assured investors that Juniper was well-positioned to deliver against its long-term model of 20% or higher revenue growth and 25% or higher operating margin. Nonetheless, defendants failed to disclose negative trends in Juniper's business. As a result of defendants' false statements, Juniper's stock traded at artificially inflated prices during the Class Period, reaching a high of $44.46 per share on March 8, 2011."
Investors who held Juniper Networks stock with a full service brokerage firm and sustained significant losses can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or sustained investment losses of $200,000 or more in Juniper Networks stock, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com./">http://www.nasd-law.com