Monday, May 22, 2006

Juniper Dragged Into Stock Options Investigation

Craig Matsumoto writes on Light Reading:

Juniper Networks Inc. has officially been drawn into the stock-options scandal that's rocking Wall Street.

The company announced this morning it's received a request for information from the United States Attorney for the Eastern District of New York, regarding stock-options grants. Juniper said it intends to cooperate with the request.

Juniper stock had fallen 6 percent on Friday on analysts' reports that noted some suspicious options activity.

More here.

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