December 12, 2008 |
The former chief executive of Peregrine Systems Inc., Stephen P. Gardner, was sentenced to eight years and one month in prison for his role in the fraud that destroyed the software company once valued at $4.72 billion. "I did hide problems in the hope that they would be fixed and we could move on," Gardner told U.S. District Judge Thomas J. Whelan in federal court in San Diego before being sentenced. "I was dedicated to making Peregrine a great company, and I failed." Whelan ordered the former CEO to begin serving his sentence Feb. 20. Gardner, 55, pleaded guilty in March 2007 to one count each of securities fraud, obstruction of justice and conspiracy to commit securities and wire fraud.
February 7, 2008 |
A former KPMG executive will pay $80,000 to end claims that he helped Peregrine Systems Inc. defraud investors, the Securities and Exchange Commission said. Larry Rodda, a former managing director at the accounting firm's consulting arm, agreed to the fine without admitting or denying wrongdoing, the agency said. The SEC, in a 2004 lawsuit naming Rodda and eight others, said he knowingly signed four sham software agreements in 1999 and 2000 that let San Diego-based Peregrine improperly record $22 million in revenue.
October 1, 2002 |
When Peregrine Systems Inc. ousted its top management amid an accounting scandal in May, the San Diego software company turned to the man who built it from a tiny firm to a $13-billion enterprise: John J. Moores. The multimillionaire owner of the San Diego Padres baseball team seemed like a natural choice. A self-described computer nerd, he had served on the board for 13 years, including a decade-long stint as chairman.
September 23, 2002 |
After months of struggling to shed its financial and legal woes, San Diego-based software company Peregrine Systems Inc. filed for Chapter 11 bankruptcy protection Sunday and said it would sue accounting firm Arthur Andersen for more than $250 million. Peregrine--whose chairman is John J. Moores, owner of the San Diego Padres--blames its failure on Arthur Andersen, which it accuses of engaging in fraud, corporate negligence and failure in its auditing and accounting duties.
March 2, 2000 |
Just say "Palm" and see what happens. That may be what more tech companies will be thinking after San Diego-based Peregrine Systems (ticker symbol: PRGN) saw its shares soar $15.25 to a record $69.88 on Wednesday. The trigger: Peregrine, which makes software for computer-system help desks, announced that its ServiceCenter software will run on the Palm system.
December 16, 1999 |
Software makers Peregrine Systems Inc. and GoldMine Software Corp. announced a partnership to jointly market their products. As part of the deal, San Diego-based Peregrine will buy a 10% stake in GoldMine for $82.7 million, giving the privately held company a market value in excess of $800 million. Both companies make software to help companies keep track of business contacts, customer services, and other company information.