Have a Claim?

Click here for a confidential contact or call:


September 25, 2014

Posted  January 26, 2016

Scottsdale, Arizona-based software company JDA Software Group Inc. agreed to pay a $750,000 penalty for having inadequate internal accounting controls over its financial reporting, which resulted in misstated revenues in public filings.  Specifically, the SEC found the company failed to properly recognize and report revenue from certain software license agreements it sold to customers because its internal accounting controls failed to consider information needed for determining a critical component of revenue recognition for software companies.  SEC

Tagged in: Accounting Fraud, Regulatory Violations, Securities Fraud,