July 28, 2007 |
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.
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 7, 2000 |
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.
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.
June 28, 2002 |
Peregrine Systems Inc., said the Nasdaq Stock Market has notified the maker of business software that it intends to delist the company's stock next week because its financial statements fail to comply with market rules. Peregrine shares fell 48 cents to 35 cents. Nasdaq will delist the stock of the company, whose software lets businesses track assets such as computers and vehicles, before the market opens July 5.
June 4, 2002 |
Peregrine Systems Inc., which is being investigated by the Securities and Exchange Commission, said former auditor KPMG told the software maker its books violated rules involving revenue recognition, accounts receivable and stock options. KPMG had "questions and issues" about several aspects of the accounting. On May 23, San Diego-based Peregrine said it would erase about $100 million in sales from the last three years after KPMG found it had inflated revenue.