AspenTech controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
NASDAQ delisting over financial-transparency requirements
Aspen Technology was delisted from NASDAQ after failing to satisfy the exchange's financial-transparency guidelines. The company was relisted in 2010.
2007
Former CEO revenue-falsification case
Former CEO David McQuillin pleaded guilty to falsifying revenue figures and received a sentence of six months of house arrest and three years of probation.
2004
Accounting irregularities and financial restatement
AspenTech's audit committee found that certain software licenses had been accounted for improperly. The company restated financial results for fiscal years 2000 through 2004, and investors filed a related class action alleging misleading statements and improper revenue recognition.