Judge sets Dec. hearing in Oracle-PeopleSoft suit
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The trial over Oracle&#39;s (ORCL) attempt to undo PeopleSoft&#39;s (PSFT) anti-takeover measures will continue in December, the judge overseeing the case said Wednesday.
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A U.S. judge has sent Oracle's lawsuit against SAP and its TomorrowNow subsidiary to mediation.
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BusinessWeek Online - For more than a year, PeopleSoft Inc.  CEO Craig Conway has battled to prevent Oracle Corp.'s  Larry Ellison from grabbing his company in a hostile takeover. Now, Conway's spirited quest has absorbed a potentially fatal blow: On Sept. 9, U.S. District Court Judge Vaughn R. Walker ruled that the Justice Dept. had no grounds to block the acquisition. While the European Community could still stop it, the legal case for halting this shotgun wedding is looking weaker by the day.
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A group of PeopleSoft shareholders has asked that a Delaware judge order the company&#39;s board to negotiate with rival software maker Oracle, which is trying to acquire PeopleSoft for $8.
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A U.S. district court judge has ordered that&#160;Oracle&#39;s lawsuit against SAP and its TomorrowNow subsidiary&#160;be sent to mediation, according to a court document posted on www.tnlawsuit.com, a Web site SAP set up for the case.SAP spokesman Andy Kendzie declined to comment in much detail Thursday about Judge Martin J. Jenkins&#39; ruling, which occurred after a case management conference on Tuesday, according to the document.&quot;Our preference had always been that we explored mediation,&quot; Kendzie said.Oracle filed suit against SAP and TomorrowNow last year, charging that TomorrowNow employees illegally downloaded data from a secure Oracle support Web site, and used it to court Oracle&#39;s customers. The initial complaint alleges that &quot;corporate theft on a grand scale&quot; had occurred.SAP has said TomorrowNow was authorized to download materials from Oracle&#39;s Web site on behalf of TomorrowNow&#39;s customers, but also acknowledged &quot;some inappropriate downloads of fixes and support documents occurred at TomorrowNow.&quot; SAP has asserted that this information remained in TomorrowNow&#39;s systems and that SAP itself did not gain access to Oracle&#39;s intellectual property.TomorrowNow provides third-party support for Oracle&#39;s PeopleSoft, Siebel, and J.D. Edwards software products.Oracle could not immediately be reached for comment Thursday.
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LOS ANGELES (CBS.MW) -- A Delaware judge rejected the proposed settlement of a lawsuit brought against PeopleSoft Inc. by shareholders over the company&#39;s resistance to Oracle Corp.
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The Wall Street rumor mill is working overtime, spinning off speculation about how soon a decision will be announced in the US government lawsuit aimed at blocking Oracle&#39;s (ORCL:Nasdaq - news - research) proposed takeover of PeopleSoft (PSFT:Nasdaq
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Ziff Davis - The long wait for a decision in the government's antitrust trial against Oracle has prompted the company to extend the deadline yet again for its &#36;7.7 billion attempted buyout of PeopleSoft.
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A court in Florida will convene tomorrow, to consider the software industry&#39;s largest merger. Sitting in the Delaware Chancery Court, vice-chancellor Leo Strine will decide whether PeopleSoft is allowed to
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Unless a Delaware judge clears the way for Oracle Corp. to buy PeopleSoft Inc. in the next few weeks, the Pleasanton firm&#39;s shareholders will have the final say about their company&#39;s fate on March 25.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government's effort to thwart the &#36;7.7 billion hostile bid over antitrust concerns, a decision that could spark a rash of tech-sector acquisition attempts.
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WILMINGTON, Del.  - The trial pitting software  giant Oracle Corp. ORCL.O against unwilling takeover target  PeopleSoft Inc. PSFT.O ended on Friday with a Delaware  judge's comment that recent developments seemed to have drawn  the bitter rivals closer together.
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Oracle&#39;s proposed takeover of Peoplesoft has hit another barrier. A Delaware judge has delayed his final ruling over Peoplesoft&#39;s poison pill defence, saying that he needs to hear more evidence.
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PeopleSoft's Connect 2004 user conference comes just two weeks after a federal judge denied a request by the Department of Justice to block Oracle's attempted takeover of its business applications rival.
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The judge who will decide whether to block defenses by PeopleSoft against Oracle's hostile offer urged both sides to agree on what issues remain in contention.
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Oracle will continue its pursuit of PeopleSoft this week, asking a judge to dismantle one of the last obstacles to a deal.
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A US federal judge on Thursday gave Oracle Corp. a green light to proceed with its hostile bid to take over rival business software maker