Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2004
Phillip White sentenced
White received two months in federal prison, a $10,000 fine, supervised release, and community service. Walter Königseder was also indicted but was not extradited from Germany.
2003
Phillip White pleads guilty
White entered a plea agreement and admitted guilt to one count involving the filing of a false registration statement.
2002
Phillip White indicted
Former chief executive Phillip White was indicted on federal securities, wire, and mail fraud charges connected with Informix’s financial reporting.
1997
Revenue overstatement and accounting restatements
Informix disclosed a major revenue shortfall and later restated results for earlier years. Investigations identified improper recognition of software-license revenue and other irregularities, with revenue overstated by more than $200 million.