Delaware judge rejects settlement: Oracle moves to replace ...
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Delaware judge Leo Strine refused to remove PeopleSoftâs poison pill and alter the shareholder rights plan in a hearing Wednesday.
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A federal judge has postponed his decision on PeopleSoft&#39;s last hostile takeover defense against Oracle until next month. Delaware Chancery Court Judge Leo Strine said he would need more information from both
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PeopleSoft (PSFT:Nasdaq - news - research) Wednesday publicly rejected Oracle&#39;s (ORCL:Nasdaq - news - research) $24-a-share takeover offer, saying the $8.
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The takeover fight moves to Delaware's Court of Chancery, even as PeopleSoft dismisses its CEO.
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A PROPOSAL to settle a lawsuit brought last year by PeopleSoft shareholders has failed to clear court, after a judge found it unfairly cut off their right to sue over the company&#39;s resistance to a takeover by Oracle.
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Letter says PeopleSoft should avoid court or proxy fight and allow sale to take place. NEW YORK (CNN/Money) - Oracle Corp. called on the board of PeopleSoft to surrender and accept its $24 a share offer Monday
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NEW YORK - The judge presiding over the U.S. Department of Justice's (DOJ) attempt to block Oracle Corp.'s proposed takeover of rival software maker PeopleSoft Inc. ruled in Oracle's favor on Thursday, removing one obstacle preventing the hostile acquisition.
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By Bloomberg News. A judge dismissed a lawsuit against Lawrence J. Ellison, chief executive of the Oracle Corporation, and Jeffrey O. Henley, its chairman, that accused them of insider trading
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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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PeopleSoft's board of directors today rejected Oracle's latest $24-per-share "best and final offer" for the company, leaving the outcome in the hands of PeopleSoft shareholders.
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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
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BRUSSELS, Belgium -- European Union regulators suggested Monday they are not bound by a US decision to allow Oracle Corp. to pursue its $7.
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(InfoWorld) - SAP AG has asked a U.S. court to order settlement talks in its legal battle with Oracle Corp., arguing that Oracle exaggerated its claims against the German software maker. Oracle said it opposed such talks and accused SAP of trying to "make this case go away." In court papers Tuesday, SAP picked several holes in Oracle's lawsuit,Â which was filed in March against SAP and its TomorrowNow Inc. subsidiary. The suit charged the companies with posing as Oracle customers and illegally downloading customer support materials from an Oracle Web site. Oracle's version of what happened is "dramatic but inaccurate," SAP argued in a joint filing submitted ahead of a case management conference scheduled for Sept. 4. It said Oracle ignored several factors in its complaint, including thatÂ TomorrowNow was entitled to access the Oracle Web site because it was doing work for Oracle customers, and that none of the material was downloaded by SAP itself. "This case, in short, is about whether TomorrowNow exceeded its customers' rights in downloading certain materials. That is not a matter of 'corporate theft on a grand scale,' as Oracle says in its complaint, but a matter of contract interpretation," SAP wrote. It asked the court to order the two sides into an "alternative dispute resolution" process, which would seek to settle the case outside the courtroom. It wants the process to begin in a few months, mediated by a magistrate judge, and for discovery -- the process of gathering evidence and interviewing witnesses -- to continue in the meantime. "As with most cases, prompt resolution of this case is in the best interests of all concerned," SAP said. Oracle was against the idea, however. It said SAP has given no evidence that it never received the documents downloaded by TomorrowNow. What's more, the downloads that Oracle has uncovered so far may be only the "tip of the iceberg." Settlement talks would be premature until Oracle has determined the extent of SAP's illegal conduct, Oracle said. SAP has "one obvious goal: to make this case go away without meaningful discovery into what it really did," the company said. The positions are laid out in documents filed ahead of a case management conference scheduled for Sept. 4. Oracle portrays the case as highly complex and requiring lengthy discovery, including depositions from dozens of customers. It is seeking a trial date in September 2009. SAP says the scope of the case should be narrower and that it is unnecessary to interview so many customers. It wants a trial date of February 2009 or earlier. The issues are likely to be discussed further at the case management conference on Sept. 4, and the court will issue an order with its decisions after that, SAP said. SAP posted a copy of the joint filing on its Web site. Â
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OCTOBER 01, 2004  - The US Department of Justice today said it would not appeal a US District Court decision to allow Oracle Corp.
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Oracle&#160;on Tuesday morning said that BEA Systems has officially rejected its&#160;offer to acquire the company. BEA had previously said the&#160;offer was too low.&quot;Last night we were told by Bill Klein, Vice President -- Business Planning and Development (speaking on behalf of the board), that BEA&#39;s board again rejected our proposed price of $17 per share in cash,&quot; Oracle said in a statement, adding that the BEA board &quot;has refused to meet with us since we made our October 9th proposal.&quot;Oracle set a deadline for Sunday at 5 p.m. local time on its $17 per share bid.&quot;Oracle has no interest in a long, drawn-out process to acquire BEA,&quot; Oracle said.The total value of the bid is about $6.7 billion.(More to follow.)
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A federal judge may have sent a gift  to all merger-minded U.S. executives when he rejected the  government's request to block Oracle Corp.'s ORCL.O bid for  PeopleSoft Inc. PSFT.O last week.
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A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools.