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Fending off Larry Ellison is not easy. Or cheap. PeopleSoft Inc. has disclosed that the cost of defending itself against Oracle Corp.'s hostile takeover bid for the first three months of the year was $12.8 million -- $55 million to date. A good part of the expenditure is flowing to elite law firms -- which doesn't surprise legal consultant Peter Zeughauser, who says that in a bet-the-company case like this, you want the best legal team money can buy.
April 28, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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