Court to Oracle: Offer settlement price in SAP suit
A federal judge has given Oracle until February 13 to provide a specific dollar amount to settle a lawsuit it filed against SAP last year. The suit alleges that TomorrowNow, an SAP subsidiary, illegally accessed Oracle copyright material and has asked for at least $1 billion in damages.
The two sides met with the courts in a telephone hearing yesterday and said they were making progress. After Oracle submits its figure, SAP will have five days to come up with a counter-offer. A settlement conference is scheduled for Feb. 23, 2009.
According to a CNET report, the procedure of ordering parties of a lawsuit into a settlement before trial is common practice. A trial date has ben set for Feb. 10, 2010. SAP said in a statement that "it is in everyone's best interest to bring this case to an appropriate resolution without undue delay." Oracle has not commented on the court's order.
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