A memo on Peregrine Systems. The memo discusses the accounting problems they face. "Peregrine shocked the market by announcing that its board of directors had authorized an internal investigation into accounting inaccuracies, totaling as much as $100 million, which KPMG had brought to the attention of the audit committee" (Schiffrin & Barroway, LLP 1). After this announcement stock fell rapidly to close at $1.01. The defendant's misconduct causes the alleged, plaintiff, and others to suffer damages. If someone has bought securities during the dates of July 21, 1999 and May 2002, they may be part of this action and should contact Schiffrin & Barroway, LLP.
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