AZPN restated 3 years worth of financials and is accused of fudging the numbers on purpose. The SEC accused them of fraudulently reporting revenues in order to meet analyst estimates. http://www.highbeam.com/doc/1G1-146828898.html
The settlement? The SEC ordered them to hire a consultant to help with their financials going forward and didn't fine them one dime because the company fixed the financials on their own: http://www.sec.gov/news/press/2007/2007-152.htm
They didn't even get a "slap on the wrist parking ticket." They got basically a warning. For 3 years of real accounting fraud that matters.
This is typical of a Tier 1 violation (though AZPN's case was clearly far worse than JBII's). Yet they got nothing. Despite false claims otherwise, SEC cases are designed protect investors -- not kill companies.
I'm sure once the proposed SEC lawsuits become a reality more details will be released. Also, as more shareholders join in on the class action suits, I'm sure some additional information will trickle out.
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