Oracle lawsuit hearing postponed

C|Net | at | by Mike

Oracle postponed a hearing on its lawsuit against PeopleSoft, the company said Tuesday, a day after federal antitrust regulators requested additional information to review the database maker's hostile takeover bid for its competitor.

Oracle, which initially filed the lawsuit to prevent PeopleSoft's acquisition of J.D. Edwards under its amended terms and to remove its "poison pill," said the parties agreed to meet with the court on July 25 to consider how to proceed, in light of the new developments with the U.S. Department of Justice. The Delaware Chancery Court hearing was originally set for July 16--a day before the deadline for J.D. Edwards investors to tender their shares to PeopleSoft.