DOJ, Oracle Pitch Their Points in Final Briefs
Before closing arguments set for July 20, the Department of Justice and Oracle each submit their best reasoning in the government's lawsuit seeking to block Oracle's hostile buyout of PeopleSoft.The U.S Department of Justice and Oracle released their "conclusions of law and fact" Friday, with each stating why it should prevail in the governments antitrust lawsuit seeking to block Oracles hostile buyout of PeopleSoft. The briefs, filed in U.S. District Court in San Francisco, will be the basis for closing arguments before U.S. Ninth District Judge Vaughn Walker scheduled for July 20. Walker will study the briefs as he considers whether the government has proved its case that the Oracle Corp.-PeopleSoft Inc. merger is anticompetitive. Court observers have said it may take Walker one to two months to render a verdict in the case.
In its 15-page brief, the DOJ argued that the buyout would effectively give Oracle a 47.4 percent share of the U.S. market for "high-function" financial management software. It would have a 69.7 percent share of the U.S. market for human resources management software. These levels are "significantly above" the legal guidelines established in earlier antitrust cases, the DOJs brief said.