Faruqi & Faruqi, LLP Announces Investigation of JDA Software Group, Inc.

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Feb 06, 2012, 07:00 ET

NEW YORK, Feb. 6, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at JDA Software Group, Inc. ("JDA" or the "Company") (Nasdaq: JDAS).

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On January 31, 2012, in a press release announcing the Company's quarterly earnings, JDA revealed that it has "received notice from the U.S. Securities and Exchange Commission requesting information related to revenue recognition and other accounting and financial reporting matters for certain past fiscal years." On a subsequent conference call, executives at the Company acknowledged that the Enforcement Division of the Securities and Exchange Commission sent a subpoena and the Commissions' Division of Corporate Finance sent a comment letter concerning JDA documents dating from 2008, 2009 and 2010. Following these unexpected disclosures, shares of JDA dropped 19%, or $5.08, to close at $24.39 on February 1.

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Take Action

If you purchased JDA securities and would like to discuss your legal rights, visit www.faruqilaw.com/JDAS. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding JDA's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Francis McConville, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

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