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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, February 16, 2007

Former i2 CEO Settles SEC Fraud Case

On February 15, the Commission settled civil charges  against  Gregory A. Brady, the  former  chief  executive  officer  of  Dallas-based  i2 Technologies, Inc. and a  defendant  in  the  Commission's  July  2005 enforcement action. The Commission's complaint had alleged that,  over the four years ended Dec. 31, 2001, and the first  three  quarters  of  2002, i2  misstated  approximately  $1  billion  of  software  license revenue, including over $125 million of revenue it never  should  have recognized. The complaint further alleged that Brady participated  and assisted others in misstating these amounts.

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