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Peregrine Systems Inc

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BUSINESS
September 23, 2002 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
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.
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BUSINESS
July 28, 2007 | From Times Wire Services
A judge declared a mistrial in the case of three former Peregrine Systems Inc. executives and an auditor accused of conspiracy and fraud in the accounting scandal that forced the software maker into bankruptcy. U.S. District Judge Thomas Whelan in San Diego said the jury was hopelessly deadlocked after two weeks of deliberations.
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BUSINESS
July 12, 2003 | From Bloomberg News
Peregrine Systems Inc., a San Diego maker of business management software, said it reached agreement with creditors on a reorganization plan, putting the company closer to exiting bankruptcy protection next month. U.S. Bankruptcy Judge Judith Fitzgerald in Pittsburgh said she probably would approve the plan by July 21. Peregrine said it planned to exit bankruptcy protection with about $70 million in debt.
BUSINESS
October 3, 2006 | From Dow Jones and Bloomberg News
The U.S. Supreme Court declined Monday to stop former shareholders of Peregrine Systems Inc. from using California insider-trading law to sue former board members of the company, which filed for bankruptcy protection in 2002 after an accounting scandal. The court, without comment, refused to block a lawsuit against the directors.
BUSINESS
July 28, 2007 | From Times Wire Services
A judge declared a mistrial in the case of three former Peregrine Systems Inc. executives and an auditor accused of conspiracy and fraud in the accounting scandal that forced the software maker into bankruptcy. U.S. District Judge Thomas Whelan in San Diego said the jury was hopelessly deadlocked after two weeks of deliberations.
BUSINESS
July 1, 2003 | From Bloomberg News
Peregrine Systems Inc., a business management software maker in bankruptcy, has reached a partial settlement with the Securities and Exchange Commission on accounting irregularities. The settlement resolves all matters except disgorgement or civil penalties, if any, the San Diego-based company said in a statement.
BUSINESS
April 7, 2000 | Bloomberg News
Peregrine Systems Inc. shares tumbled 37% on concern that the business-software maker's planned $2.1-billion acquisition of Harbinger Corp. could slow its growth. The shares plunged $21.25 to close at $36.75 in Nasdaq trading, chopping the transaction value to about $1.3 billion. San Diego-based Peregrine said Wednesday it agreed to swap 0.75 share for each Harbinger share. Shares of Atlanta-based Harbinger, an electronic-commerce software provider, rose $2.44 to close at $26.56, also on Nasdaq.
BUSINESS
April 2, 2005 | From Associated Press
A state judge dismissed San Diego Padres owner John Moores and other former directors of Peregrine Systems Inc. from a lawsuit that alleges insider trading and breach of fiduciary duty at the software company. San Diego Superior Judge Joan M. Lewis said California law did not apply to the insider trading allegations because Peregrine was incorporated in Delaware.
BUSINESS
August 16, 2003 | From Bloomberg News
Peregrine Systems Inc., a business-management software maker that recently exited bankruptcy protection, has received approval of its agreement on fraud charges with the Securities and Exchange Commission. The U.S. District Court in Southern California agreed that Peregrine didn't have to pay a fine, give up any gains related to the alleged fraud or admit the allegations, the SEC said in a statement on its Web site.
BUSINESS
April 17, 2003 | From Reuters
The former chief financial officer of San Diego-based software firm Peregrine Systems Inc. on Wednesday pleaded guilty to conspiracy and securities fraud. Matthew Gless is the second former Peregrine executive to admit to wrongdoing as part of a federal probe into the company's accounting practices. Gless pleaded guilty to one count of conspiracy and one count of securities fraud, the U.S. attorney's office for the Southern District of California said.
BUSINESS
April 2, 2005 | From Associated Press
A state judge dismissed San Diego Padres owner John Moores and other former directors of Peregrine Systems Inc. from a lawsuit that alleges insider trading and breach of fiduciary duty at the software company. San Diego Superior Judge Joan M. Lewis said California law did not apply to the insider trading allegations because Peregrine was incorporated in Delaware.
BUSINESS
August 16, 2003 | From Bloomberg News
Peregrine Systems Inc., a business-management software maker that recently exited bankruptcy protection, has received approval of its agreement on fraud charges with the Securities and Exchange Commission. The U.S. District Court in Southern California agreed that Peregrine didn't have to pay a fine, give up any gains related to the alleged fraud or admit the allegations, the SEC said in a statement on its Web site.
BUSINESS
July 12, 2003 | From Bloomberg News
Peregrine Systems Inc., a San Diego maker of business management software, said it reached agreement with creditors on a reorganization plan, putting the company closer to exiting bankruptcy protection next month. U.S. Bankruptcy Judge Judith Fitzgerald in Pittsburgh said she probably would approve the plan by July 21. Peregrine said it planned to exit bankruptcy protection with about $70 million in debt.
BUSINESS
July 1, 2003 | From Bloomberg News
Peregrine Systems Inc., a business management software maker in bankruptcy, has reached a partial settlement with the Securities and Exchange Commission on accounting irregularities. The settlement resolves all matters except disgorgement or civil penalties, if any, the San Diego-based company said in a statement.
BUSINESS
April 17, 2003 | From Reuters
The former chief financial officer of San Diego-based software firm Peregrine Systems Inc. on Wednesday pleaded guilty to conspiracy and securities fraud. Matthew Gless is the second former Peregrine executive to admit to wrongdoing as part of a federal probe into the company's accounting practices. Gless pleaded guilty to one count of conspiracy and one count of securities fraud, the U.S. attorney's office for the Southern District of California said.
BUSINESS
October 17, 2002 | P.J. Huffstutter, Times Staff Writer
In the weeks before Peregrine Systems Inc. filed for Chapter 11 bankruptcy protection, the company's executives focused their time and tens of millions of dollars on deals with banks and lawyers that were aimed at protecting themselves rather than fixing the San Diego software firm, according to a recent court filing. The allegations, filed last week in U.S. Bankruptcy Court in Delaware week by a committee of unsecured creditors, provided a new look at the company's inner workings.
BUSINESS
October 3, 2006 | From Dow Jones and Bloomberg News
The U.S. Supreme Court declined Monday to stop former shareholders of Peregrine Systems Inc. from using California insider-trading law to sue former board members of the company, which filed for bankruptcy protection in 2002 after an accounting scandal. The court, without comment, refused to block a lawsuit against the directors.
NEWS
June 26, 2002
Peregrine Systems Inc., a business-management software maker whose accounting is under a Securities and Exchange Commission investigation, named Ken Sexton chief financial officer. Peregrine also hired PricewaterhouseCoopers as its auditor. Shares of San Diego-based Peregrine Systems rose 8 cents to $1 on Nasdaq. 3Com Corp., the fourth-largest maker of computer-networking equipment, said its fiscal fourth-quarter net loss narrowed to $23.8 million on lower expenses. The company said Chief Financial Officer Michael Rescoe quit and was replaced by Mark Slaven.
BUSINESS
September 24, 2002 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Software maker Peregrine Systems Inc. is taking what legal experts say is an unusual approach to the financial woes that landed it in Bankruptcy Court: blaming the auditors for letting management get away with faulty accounting. In a lawsuit filed Monday against Arthur Andersen, the San Diego company acknowledges that its accounting methods were flawed. But Peregrine accuses Andersen of fraud, negligence and failure in the performance of its auditing and accounting duties.
BUSINESS
September 23, 2002 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
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.
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