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The takeover battle between software companies Oracle and PeopleSoft began a new chapter Monday in Delaware's Court of Chancery. A PeopleSoft board member conceded that CEO Craig Conway was fired last week because he had lied to the public about the effects of Oracle's bid and because he had vowed never to sell the company. Under examination, PeopleSoft director Steven Goldby said Conway's intransigence and his false statements to analysts in 2003 led to his ouster.
October 05, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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