PeopleSoft Tuesday said it has amended its lawsuit against Oracle
hoping to prevent a hostile takeover by the software giant.
The Pleasanton, Calif.-based Internet business software maker filed papers in California Superior Court in Alameda County saying it has “extensive new facts” that Oracle management’s participated in unfair trade practices, including its efforts to disrupt PeopleSoft’s customer relationships. Specific details about the allegations were not available to the press.
After extending its offer a few times, Redwood Shores, Calif.-based Oracle is currently offering $7.3 billion for both PeopleSoft and J.D. Edwards, acquired in July. Oracle’s proposal is undergoing an antitrust review by the Department of Justice.
The complaint also alleges new information concerning Oracle’s campaign to support PeopleSoft products. PeopleSoft claims the plan will “mislead” its customers.
Oracle spokesman Jim Finn declined to comment in full about the new charges.
“We were aware they were going to file an amended complaint, so we are not surprised and it does not change our commitment to acquire PeopleSoft,” Finn said in a statement.
Having completed its acquisition of J.D. Edwards, PeopleSoft said it is consolidating the two companies’ claims against Oracle into a single lawsuit. The decision means PeopleSoft will voluntarily dismiss J.D. Edwards’ previously filed lawsuits in other courts.
PeopleSoft is seeking both injunctive relief and damages, including damage caused to J.D. Edwards.