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AccessMyLibrary    Browse    [0-9]    eWeek    MAY-04    PeopleSoft Settles Class Action Suit; Board Rejects Latest Oracle Tender Offer.

PeopleSoft Settles Class Action Suit; Board Rejects Latest Oracle Tender Offer.

Publication: eWeek

Publication Date: 26-MAY-04
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COPYRIGHT 2004 Ziff Davis Media Inc.

PeopleSoft Inc. announced Wednesday that it settled the dispute with shareholders over its controversial Customer Assurance Program. The program entitled some customers between two and five times their license fees in the event of a takeover by another company that did not support PeopleSoft products for a specified amount of time.

The Customer Assurance Program was put in place last summer as an anti-takeover device to ward...

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