Washington (June 15, 2004) -- I2 Technologies Inc., a Dallas-based developer and marketer of enterprise supply chain software and management solutions, joined the growing list of companies that have settled charges brought by the Securities and Exchange Commission related to improper revenue recognition.
Without admitting or denying the commission's charges, i2 agreed to pay a $10 million penalty and consented to a cease-and-desist order finding that it violated federal securities laws. The penalty proceeds will be distributed to injured i2 shareholders. The company said that it will continue to cooperate with the SEC's ongoing investigation.
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