Science and Technology Science and Technology
Mon, February 6, 2012
Sun, February 5, 2012
Sat, February 4, 2012

Finkelstein Thompson LLP Announces Investigation of JDA Software Group, Inc.


Published on 2012-02-04 06:26:43 - Market Wire
  Print publication without navigation


WASHINGTON--([ ])--Finkelstein Thompson LLP announces that it is investigating potential claims on behalf of shareholders of JDA Software Group, Inc. (aJDAa or the aCompanya) (Nasdaq: JDAS).

"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 January 31, 2012, JDA issued a press release announcing its quarterly earnings and revealing that it areceived 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.a 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 Commissionsa Division of Corporate Finance sent a comment letter concerning documents from 2008, 2009 and 2010. Following this news, shares of JDA dropped 19%, or $5.08, to close at $24.39 on February 1.

If you purchased shares of JDA or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

Contributing Sources