Courtroom View Network > Selectica v. Versata Enterprises - 04/27/09 Trial > 

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5-day trial challenging the validity of Selectica's "poison pill" that Versata intentionally triggered by acquiring additional shares in Selectica. This case represents the first time that a poison pill has been swallowed by a shareholder.

Selectica created the poison pill to protect its $150M Net Operating Loss tax asset, the value of which would have been impaired if any shareholder increased its stake to 10% or more. To prevent such an ownership change, Selectica created a stockholder rights plan that would dilute the holdings of shareholders who knowingly accumulated more than 5% of Selectica's shares.

Versata increased its holding to 6.7 percent. Selectica then used the poison pill to dilute Versata's ownership to 3.4%. Versata seeks a determination that Selectica's poison pill is invalid. Purchase Here

Sample video from 4/27/09 proceedings: View a Demo Clip
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DVD-ROM - Selectica v. Versata Enterprises - 04/27/09 Trial This package is an order for DVDs to all event days produced for the Selectica v. Versata Enterprises - 04/27/09 Trial.  $30 shipping and handling per shipment will be added to your total for 3-day shipping.  DVDs may NOT be reproduced or copied.  Taxes will apply where applicable.

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