U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

i2 Technologies, Inc.

On June 9, 2004, the SEC filed a settled enforcement action against i2 Technologies, Inc. in connection with alleged violations of the antifraud and other provisions of the federal securities laws through, among other things, improper revenue recognition. As part of the settlement, i2 agreed to pay a $10 million civil penalty into a fund for the benefit of defrauded i2 investors. For more information about the SECís action, you can read Litigation Release Nos. 18741 (June 9, 2004) and 19871 (Oct. 16, 2006).

The $10 million has been paid into the registry of the Court. On January 20, 2006, the SEC filed a motion to distribute the funds in the private securities class action against i2, Scheiner v. i2 Technologies, Inc., et al., Civil Action No. 3:01-CV-418-H, in the United States District Court for the Northern District of Texas, Dallas Division. For more details, you can read the SEC's Press Release (Jan. 20, 2006). The claims administrator in the private securities class action against i2 began distributing the funds by mailing checks to claimants on or about October 10, 2006.


Modified: 01/03/2007