NEW YORK, Feb. 2, 2012 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of JDA Software Group Inc. ("JDA" or the "Company"). Such investors are advised to contact Rachelle R. Boyle at rrboyle@pomlaw.com or 888-476-6529, ext. 350.
On January 31, 2012, the Company issued a press release announcing fourth quarter 2011 earnings and at the same time disclosed that the Securities and Exchange Commission is requesting information related to revenue recognition and other accounting and financial reporting matters for past fiscal years.
On this news, shares declined $5.08, or 19%, to close at $24.39 on February 1, 2012 in heavy trading.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.