Software Maker, SEC Reach Partial Accord

Peregrine Systems Inc., a business management software maker in bankruptcy, has reached a partial settlement with the Securities and Exchange Commission on accounting irregularities.

The settlement resolves all matters except disgorgement or civil penalties, if any, the San Diego-based company said in a statement.

Peregrine must make a public statement that accurately discloses the current condition of its internal control structure, retain an internal auditor and establish a corporate compliance program, according to the statement.

The agreement must be approved by a U.S. District Court in Southern California.

Peregrine filed for Chapter 11 protection in September.