Securities and Exchange Commission Chairman William Donaldson has ruled against sanctioning Global Crossing founder Gary Winnick with a fine or charges in an unusual move that saw him side with two other commissioners in voting against the recommendation of an SEC staff panel. A settlement with Global Crossing on overstatement of revenues is pending. Observers [...]

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Oracle Corporation announced Monday that it has signed a $10.3 billion dollar merger deal with PeopleSoft, ending an 18-month hostile takeover bid plagued with legal challenges. Read the Oracle press release on the merger here. Previously in JURIST's Paper Chase: Corporations & securities brief: Oracle likely to win PeopleSoft takeover bid Corporations & securities brief: [...]

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