Date set for PeopleSoft-Oracle trial

Oracle is preparing to face yet another lawsuit over its proposed acquisition of PeopleSoft in November, in addition to its...

Oracle is preparing to face yet another lawsuit over its proposed acquisition of PeopleSoft in November, in addition to its meeting with the US Department of Justice in June.

Judge Ronald Sabraw set 1 November for the start of a jury trial on PeopleSoft's lawsuit charging Oracle with libel and unfair competition.

Sabraw previously rejected Oracle's attempt to have the case dismissed. PeopleSoft claimed that Oracle's hostile, $9.4bn offer is

PeopleSoft filed its suit against Oracle last June, days after Oracle first initiated its bid.

After Sabraw ruled out dismissal, Oracle responded in late March, charging PeopleSoft and members of its board with acting illegally in refusing to consider Oracle's offer, and in implementing a controversial "customer assurance plan" promising buyers large payouts if PeopleSoft is bought by a company which fails to meet certain development and service benchmarks.

Oracle has also challenged the legality of PeopleSoft's "poison pill", a provision in its bylaws that would allow the board to block a takeover even if shareholders voted to allow it.

Stacey Cowley writes for IDG News Service

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