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Wednesday, 29 August 2007 11:47

Juniper faces SEC charges

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Lisa Berry backdated options claim

 

Juniper Networks  former general counsel Lisa Berry has been charged with fraudulently backdating stock options.

The SEC claims Berry backdated option grants between 1997 to 2003 with the result that Juniper concealed hundreds of millions of dollars in stock option compensation expenses.

The investor protection agency has also settled fraud charges with Juniper.

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