A shareholder complaint against PeopleSoft may go to trial in Delaware Chancery Court by March or early April, according to a report PeopleSoft filed with the Securities and Exchange Commission on Friday. Shareholders are seeking to halt a controversialfor PeopleSoft customers, which the company introduced in June to defend itself against an unsolicited buyout bid by Oracle. Oracle has also joined , which alleges that a revised version of the program is a "draconian" measure that makes any potential acquisition of the company nearly impossible. PeopleSoft estimates the so-called customer assurance program could trigger a minimum of $800 million in costs for any company that acquired PeopleSoft.
In Friday's SEC filing, PeopleSoft stated that the court would "tentatively reserve time in late March or early April for a possible trial or other proceeding" related to the case.