April 12, 2012 (Update) -- On April 10, 2012, JDA Software Group Inc announced that it intends to restate certain financial statements. JDA Software Group said that based on the ongoing review of its revenue recognition policies and the application of these policies during the fiscal years 2008 to 2011, the Audit Committee of the Companys Board of Directors has made a determination that the Companys annual and quarterly results within such fiscal periods should be restated. JDA Software Group said that the financial results for 2008 through 2010 and its first, second and third quarter financial results for 2011 should no longer be relied upon and should be restated. According to JDA Software Group, it anticipates making adjustments to its software license revenue for certain transactions linked to services agreements that should have been recognized when the services agreements were signed, as opposed to at the time that the license agreement was signed.

March 23, 2012 (Update) -- On March 15, 2012, JDA Software Group Inc disclosed that due to the SEC inquiry it would delay filing its 2011 Form 10-K. Additionally, JDA Software Group Inc said that it had engaged outside counsel and an accounting firm to review 'the application of its revenue-recognition policies and other accounting matters.' NASDAQ:JDAS shares fell from as high as $33.50 in December 2011 to under $25 in early May 2012.

San Diego, Feb. 2, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Jda Software Group Inc (NASDAQ:JDAS) was announced over potential securities laws violations by certain officers and directors at JDA Software Group in connection with potentially false and misleading statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Jda Software Group Inc (NASDAQ:JDAS) concerning whether a series of statements regarding JDA Software Groups business, its prospects and its operations were materially false and misleading at the time they were made.

JDA Software Group Inc reported that its annual Revenue rose from $390.33million in 2008 to $671.75million in 2011 and its Net Income surged from $3.12million in 08 to $71.02million in 2011.

Shares of Jda Software Group Inc (NASDAQ:JDAS) increased from as low as $9.75 per share in March 09 to as high as $32.55 per share in May 2011.

NASDAQ:JDAS stocks fell in fall 2011 but traded at the end of 2011 as high as $33.50 in mid-December.

Then on January 12, 2012, Jda Software Group Inc reported its preliminary revenue results for the fourth quarter 2011 and earnings expectations for the FY 2011.

Shares of Jda Software Group Inc (NASDAQ:JDAS) fell from $32.80 on January 12, 2012, to $28.20 on January 17, 2012.

Then on Jan. 31, 2012, JDA Software announced its fourth quarter and full year 2011 results. Among other things, JDA Software said it has received notice from the U.S. Securities and Exchange Commission (SEC) requesting information related to revenue recognition and other accounting and financial reporting matters for certain past fiscal years.

NASDAQ:JDAS shares fell from $29.90 on Jan 27th to $24.06 during February 1, 2012.