A US court has thrown out all claims in the long running legal battle between Computer Associates (CA) and Computer Sciences (CSC) that started after their merger collapsed last March.(see Newswire 11 February 1998)
The US District Court in Los Angeles last week ruled that there was "no evidence" to support claims CA had used CSC's trade secrets to prepare its $10 billion hostile bid for the services giant last February.
US District Judge Matthew Byrne also dismissed CA's counterclaims, seeking $2.5 billion in damages, against CSC for wrongful interference with the offer.
CA announced its intention to acquire CSC last February. But CSC always strongly denied the two were in merger talks and ultimately took legal action to thwart the hostile takeover.
CA finally withdrew its offer in March, but the legal dispute had remained unresolved until last week's ruling.
CSC claimed CA and its investment banker, Bear Stearns & Co, had acquired and used CSC trade secrets in preparation for its bid. But the court said it could find no evidence to support these claims.
CA said the ruling "completely vindicates" it against the charges and said it would pursue attorney's fees. But CA chief executive Charles Wang expressed disappointment that the court didn't recognise CSC's "wrongful conduct" and "racist suggestions."
"We believe that the evidence strongly supports our contentions that CSC's 'scorched earth' tactics defeated the offer," Wang said in a statement.
"The tactics included public misrepresentations about Computer Associates and racist suggestions that we could not perform national security work because I was born in China," he added.
CSC was unable to provide comment by press time.
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