Quest Software Enters Pending Settlement With SEC

Law360 (December 2, 2008, 12:00 AM EST) -- Quest Software Inc. has tentatively resolved a U.S. Securities and Exchange Commission investigation into the company’s accounting practices and stock option grants to employees.

The Aliso Viejo, Calif.-based computer software manufacturer said Tuesday it has entered into a pending settlement with the SEC. Without admitting or denying the SEC’s allegations that the company improperly accounted for its stock option grants, Quest said it agreed to the entry of a judgment enjoining it from future violations of federal securities laws.

Under the settlement, Quest would not be...
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