Lowey Dannenberg served as lead counsel, representing the New York City Pension Funds and related class members, alleging that Juniper Networks, Inc. fraudulently concealed the backdating of millions of stock options, resulting in a $900 million financial restatement.

Lowey secured a $169.5 million settlement with Juniper and certain officers and directors and a $500,000 settlement with Ernst & Young LLP, the company’s auditors, one of the largest settlements in an options backdating case.

In re Juniper Networks, Inc. Sec. Litig., No. 06-04327 JW (N.D. Cal)