Another lawsuit filed against Oracle in the hostile takeover
InfoWorld | at | by Mike
The State of Connecticut intends to file an antitrust lawsuit against Oracle in a bid to thwart its hostile takeover of PeopleSoft. The lawsuit, which is expected to be filed in U.S. District Court in Hartford Wednesday, alleges that Oracle's planned takeover would violate state and federal antitrust laws and damage the state's economy.
"Oracle's hostile takeover bid has the potential to cost the state millions of dollars, and is a threat to the progress we have made in recent years in technology improvements," said Connecticut Governor John G. Rowland in a statement.