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Dillard's inks settlement with i2 of JDA Software
02 Dec '11
2 min read
Dillard's Inc. as reached an agreement effective November 30, 2011 with i2 Technologies, Inc.(i2), a subsidiary of JDA Software Group Inc, to settle a lawsuit filed by Dillard's against i2 over software sold to Dillard's by i2 in 2000, prior to JDA's acquisition of i2 in 2010.
Pursuant to the agreement i2 is to pay Dillard's $57.0 million on December 5, 2011. After providing for income taxes and settlement related expenses the Company expects to record approximately $28.5 million of net income from this settlement during the thirteen weeks ending January 28, 2012.
Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishing retailers. The Company's stores operate with one name, Dillard's, and span 29 states. Dillard's stores offer a broad selection of merchandise, including products sourced and marketed under Dillard's exclusive brand names.
JDA Software delivers best-in-class supply chain solutions that help businesses grow revenue, increase profits and operate in a more efficient and sustainable way.
The combined heritage, technology and knowledge capital of our people, solutions and acquired brands, including market leaders such as i2 Technologies, Manugistics, E3, Intactix and Arthur, enable companies from around the world to transform their supply chains into a powerful competitive advantage.
Pursuant to the agreement i2 is to pay Dillard's $57.0 million on December 5, 2011. After providing for income taxes and settlement related expenses the Company expects to record approximately $28.5 million of net income from this settlement during the thirteen weeks ending January 28, 2012.
Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishing retailers. The Company's stores operate with one name, Dillard's, and span 29 states. Dillard's stores offer a broad selection of merchandise, including products sourced and marketed under Dillard's exclusive brand names.
JDA Software delivers best-in-class supply chain solutions that help businesses grow revenue, increase profits and operate in a more efficient and sustainable way.
The combined heritage, technology and knowledge capital of our people, solutions and acquired brands, including market leaders such as i2 Technologies, Manugistics, E3, Intactix and Arthur, enable companies from around the world to transform their supply chains into a powerful competitive advantage.
Dillard's Inc
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