April 2, 2005 |
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.
August 16, 2003 |
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.
July 12, 2003 |
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.
July 1, 2003 |
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.
April 17, 2003 |
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.
October 17, 2002 |
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.