JDA Software may have to pay department store operator Dillard's $246 million in a dispute over a software licensing agreement, the company said Wednesday.
JDA, which makes which makes software that helps retailers manage inventory, said a Texas jury in state district court for Dallas County came down on the side of Dillard's in a ruling Tuesday.
Dillard's Inc. charged that JDA subsidiary i2 Technologies failed to meet its obligations under the licensing agreement.
JDA said it is reviewing the decision and will seek to have it overturned.
Shares of JDA Software Group Inc. fell 70 cents, or 2.5 percent, to $27 in premarket trading.
