June 14, 2003
PeopleSoft sues Oracle after all
The lawsuit filed in Alameda County Superior Court calls for an injunction against Oracle in pursuing its $5.1 billion offer for PeopleSoft. This move contradicts earlier reports from Oracle that PeopleSoft would not pursue a court battle. Such a change of heart is to be expected in what is a very fluid situation between the two companies and PeopleSoft's own acquisition target J.D. Edwards.