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JDA Software Group Inc Investor Alert: Investigation over potential Wrongdoing
An investigation for shareholders of Jda Software Group Inc over possible securities laws violations was announced and NASDAQ-JDAS stockholders should contact the Shareholders Foundation at email@example.com
If you purchased shares of Jda Software Group Inc , you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements made by JDA Software Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 12, 2012, JDA Software Group Inc reported its preliminary revenue results for the fourth quarter 2011 and earnings expectations for the FY 2011. Following the announcement shares of Jda Software Group Inc fell from $32.80 on January 12, 2012, to $28.20 on January 17, 2012.
Then on Jan. 31, 2012, JDA Software Group Inc announced its fourth quarter and full year 2011 results. Among other things, JDA Software Group Inc said it has received notice from the U.S. Securities and Exchange Commission (“SEC”) requesting information related to revenue recognition and other accounting and financial reporting matters for certain past fiscal years. In particular, the SEC requested information regarding JDA Software Group’s 2010 annual filing. JDA Software Group Inc also received a subpoena for documents from 2008 through 2010.
Then on February 29, 2012, JDA Software Group Inc that it was unable to file its Form 10-K for the year ended December 31, 2011 by the February 29, 2012 deadline due to its review of its revenue recognition policies for certain past years in connection with the previously disclosed inquiry from the SEC.
On March 15, 2012, JDA Software Group Inc disclosed that due to the SEC inquiry it would delay filing its 2011 Form 10-K. Additionally, JDA Software Group Inc said that it had engaged outside counsel and an accounting firm to review "the application of its revenue-recognition policies and other accounting matters."
NASDAQ-JDAS shares fell from as high as $33.50 in December 2011 to under $25 in early May 2012.
Those who purchased shares of Jda Software Group Inc and currently hold those Jda Software Group (JDAS) shares, may have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.