Peregrine Systems Inc., San Diego, is investigating potentially inaccurate accounting, and two top executives have resigned.

Peregrine provides fleet maintenance software, including FleetAnywhere over the Internet, to trucking fleets. However, the bulk of Peregrine business is in other areas.
In a statement, Peregrine said problems emerged after the company fired its accounting firm, Arthur Anderson, in April. Arthur Anderson is facing criminal charges involving its role in the the collapse of Enron. The replacement firm, KPMG, discovered the possible inaccuracies at Peregrine.
Peregrine said Chairman and CEO Steve Gardner and Chief Financial Officer Matt Glass had resigned. Executive Vice President Rick Nelson was named acting CEO and a board member. Fred Gerson, CFO of the San Diego Padres pro baseball team, was named acting CFO.
Peregrine also named John Moores as chairman of the board. Moores had previously served as chairman between March 1990 and July 2000.
Peregrine stock that sold for more than $30 a share in June of 2001 had fallen to $6.80 by the end of April and was selling for 89 cents a share on Tuesday.
Meanwhile, an Atlanta-based law firm has filed a class-action lawsuit against the company on behalf of stock holders.