Alleges That Tender Offer Announced
PLEASANTON, Calif., -- June 13, 2003 -- PeopleSoft, Inc. (NASDAQ: PSFT) today announced that it has sued Oracle Corporation to put an end to what it characterizes as a sham tender offer aimed at destroying PeopleSoft's business. The complaint, filed in Alameda County Superior Court, alleges that Oracle has engaged in unfair business practices, trade libel and tortious interference with PeopleSoft's customer relationships.
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