PeopleSoft is has filed its own lawsuit against Oracle, seeking more than $1 billion in compensatory damages plus punitive damages claiming that Oracle has engaged in unfair business practices to "mislead PeopleSofts customers and disrupt its business."
This case it scheduled to go to a jury trial in Oakland, Calif. in January.
In addition, Oracle is suing in Delaware Chancery Court to force PeopleSoft to remove the "poison pill" that would flood the market with additional shares of PeopleSoft stock if Oracle succeeds in acquiring a certain percentage of the companys stock. The trial is scheduled to start on Monday.
Meanwhile, the outlook for a settlement by PeopleSoft changed on Friday as PeopleSofts board of directors fired CEO Craig Conway. The board cited "a loss of confidence" in Conways ability to guide the company.
Editors Note: This story was updated to include information and comments from a PeopleSoft statement.
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