Oracle Opens Legal Fight
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Oracle charged that PeopleSoft&#39;s ousted chief executive, Craig A. Conway, lied to analysts in telling them that the Oracle takeover bid was no longer a factor in PeopleSoft&#39;s ability to write new business.
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Oracle claims that SAP is just trying to make the case go away, while Oracle counters that its TomorrowNow subsidiary was actually entitled to download some Oracle support documents to be able to provide technical support to joint customers.
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update In the latest twist in the hostilities between Oracle and PeopleSoft, Wall Street&#39;s footsoldiers are massing for battle.
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WILMINGTON, Del.--Oracle has stepped up its attack on PeopleSoft&#39;s customer refund program in an effort to convince a judge that the anti-takeover measure is unnecessary and should be eliminated.
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TO the casual observer, Oracle v. PeopleSoft, the case unfolding in Delaware Chancery Court, is just the latest round in an ugly and long takeover fight between two software giants.
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WILMINGTON, Del. - A judge said Oracle Corp., which has spent 17 months trying to buy PeopleSoft Inc., must return to court with its rival for two days in December before he decides whether to invalidate PeopleSoft&#39;s anti-takeover defenses.
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In what may be the first action of its kind in the U.S., the Software Freedom Law Center has filed a lawsuit to enforce an open-source license.
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The company asked customers to accelerate deals in order to bolster earnings--a ploy to exaggerate profits, Oracle lawyers say.
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Microsoft Corp.'s five-year legal battle in Europe moves into a public courtroom for the first time as the software giant tries to get the European Union's landmark antitrust ruling against it lifted.
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Oracle suffered a legal setback Wednesday when a federal appeals court reviewing a shareholder lawsuit reversed a lower court&#39;s ruling that had found in the company&#39;s favor.
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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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The business software maker hopes to prod rival Oracle into raising its current bid by $1.5 billion.
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Try lower, says Oracle CEO Larry Ellison on the witness stand in Delaware's Court of Chancery.
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A company board member testifies in trial that a sale would be possible if Oracle ups its offer.
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A battle between rival shareholder groups is brewing in advance of Friday&#39;s final deadline for tendering shares to Oracle in support of its $9bn hostile takeover bid for rival PeopleSoft.
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Microsoft Corp.'s five-year legal battle in Europe moves into a public courtroom for the first time as the U.S. software giant tries to get the European Union's landmark antitrust ruling against it lifted.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.