Oracle Hits HP Back With Fraud Claim Over CEO Deal

Law360, San Diego (August 30, 2011, 5:00 PM EDT) -- Oracle Corp. on Tuesday fired back at Hewlett-Packard Co.’s contract and competition suit against it in California state court, claiming HP fraudulently hid plans to hire two “longtime Oracle foes” while the companies negotiated to settle a trade secrets dispute.

Oracle’s cross-complaint, which offers a glimpse into the companies’ deteriorating business relationship, centers around a September 2010 agreement to settle litigation involving former HP CEO Mark Hurd's move to Oracle. HP fraudulently induced Oracle to enter this agreement without disclosing that HP was days away from...
To view the full article, register now.