The investigation found that jda didnt report revenue from certain software license agreements it sold to customers. Jda, a delaware corporation headquartered in sc ottsdale, arizona, is a leading provider of business software solutions for a broad range of industry groups ranging from foods, manufactur ing, retail, government and defense contract ing. Sec investigating past jda s past fiscal years, stock falls. Sec investigating past jdas past fiscal years, stock. Sec investigation weighs on jda software it jungle.
Jda software s stock is taking a hit after the supplychain application. Jda software pays hefty fine for sec charges az tech. An investigation into the revenuerecognition accounting practices of jda software caused the software company to miss the deadline for the filing of its annual report last week. Jda is represented by lou mejia, of perkins coie llp. Jda software penalized by sec for revenue reporting law360.
Jda software s stock is taking a hit after the supplychain application vendor said tuesday that it experienced a loss in the fourth quarter and the u. In many cases, the commission and the party charged decide to settle a matter without trial. Securities and exchange commission claims that it misstated revenue in. Sec watchdog details rare probe into workers attendance fraud claims outlined against former official who allegedly didnt account for more than 1,200 hours of work. An sec investigation found that jda software group inc. The investigation was conducted by noel gittens and william scarborough and supervised by antonia chion and ricky sachar. Jda received a note of noncompliance from nasdaq, which gave the software company 60 days to file the report. The commission can authorize the staff to file a case in federal court or bring an administrative action. Sec investigating past jdas past fiscal years, stock falls. Jdas, the supply chain company, today announced financial results for the second quarter ended june 30, 2012. The company is pledging to cooperate fully with the sec. Jda software reveals sec accounting investigation law360.