The Outlook for Enterprise-Software Stocks

December 30th, 2011 by Manmohan Leave a reply »

A federal judge says Marin County doesn’t have enough evidence to proceed with most of its lawsuit over a faulty $30 million computer system.

San Francisco U.S. District Court Judge Susan Illston dismissed the county’s racketeering allegations against software vendor SAP on Tuesday.

Marin officials claim SAP, Deloitte Consulting LLP and former assistant county auditor Ernest Culver conspired to get the county to buy flawed accounting software, then covered up its failings

The Marin Independent Journal reports Illston is allowing the county’s bribery case against Culver to continue. The county claims SAP bribed Culver with a job offer.

Marin supervisors this month set aside $1 million for the case on top of $2.6 million already spent.

Source:http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/12/27/state/n080129S18.DTL&type=business

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