See more news releases in: Computer Electronics, Computer Software, Legal Issues
Faruqi & Faruqi, LLP Announces Investigation of JDA Software Group, Inc.
NEW YORK, Feb. 6, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at JDA Software Group, Inc. ("JDA" or the "Company") (Nasdaq: JDAS).
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )
On January 31, 2012, in a press release announcing the Company's quarterly earnings, JDA revealed that it has "received notice from the U.S. Securities and Exchange Commission requesting information related to revenue recognition and other accounting and financial reporting matters for certain past fiscal years." On a subsequent conference call, executives at the Company acknowledged that the Enforcement Division of the Securities and Exchange Commission sent a subpoena and the Commissions' Division of Corporate Finance sent a comment letter concerning JDA documents dating from 2008, 2009 and 2010. Following these unexpected disclosures, shares of JDA dropped 19%, or $5.08, to close at $24.39 on February 1.
Request more information now by clicking here: www.faruqilaw.com/JDAS
Take Action
If you purchased JDA securities and would like to discuss your legal rights, visit www.faruqilaw.com/JDAS. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding JDA's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
Back to top
RELATED LINKS
http://www.faruqilaw.com/JDAS
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".