J.D. Edwards Sues Oracle
Mid-market ERP company seeks $1.7 billion dollars in damages.J.D. Edwards & Co. Thursday said it is suing Oracle Corp. and two of its executives for allegedly interfering with its proposed acquisition by PeopleSoft Inc. Denver-based J.D. Edwards is asking for $1.7 billion in damages, the value of its deal with PeopleSoft. The suits were filed against Oracle, of Redwood Shores, Calif., Oracle CEO Larry Ellison, and Oracle executive vice president Chuck Philips, in state courts in California and Colorado. J.D. Edwards said in a statement that these parties "engaged in wrongful conduct and unfair business practices."
J.D. Edwards also sought a court injunction to stop Oracles offer to buy PeopleSoft for $5 billion.