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July 21, 2014
10:01 EDTCACA Technologies seeks injunction against AppDynamics' use of IP
CA Technologies announced it has filed counterclaims against AppDynamics and its founders, Jyoti Bansal and Bhaskar Sunkara, in a lawsuit pending in the U.S. District Court for the Northern District of California. CA says "It is clear that significant portions of the AppDynamics code was written while its founders were CA employees. CA will take every necessary step to ensure that others do not use its code or infringe its patents. CA is seeking a court declaration that it owns the code written prior to Bansal's and Sunkara's departure from CA as well as any derivative works. CA is also seeking an injunction against AppDynamics prohibiting the misuse of CA's intellectual property and financial damages. The claims filed today allege that Bansal and Sunkara secretly began to develop an Application Performance Monitoring product and business to compete directly with CA while they were still CA employees. CA maintains that these actions occurred after CA acquired Wily Technologies, its APM product and its key software engineers in 2006. CA alleges these actions violated obligations Bansal and Sunkara had under agreements with CA, breached duties they owed under law and infringed CA's intellectual property rights."
News For CA From The Last 14 Days
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December 1, 2015
09:03 EDTCACA Technologies says board adopts new stockholder protection rights pact
CA Technologies announced that its Board of Directors has unanimously adopted a Stockholder Protection Rights Plan to replace the company's existing Rights Plan, which expired according to its terms on November 30, 2015. The new Rights Plan was not adopted in response to any specific effort to acquire control of the Company and is not intended to prevent a takeover at a full and fair price. The Company's new Rights Plan is substantially similar to the existing Rights Plan, which was voted on and received the favorable support of the Company's stockholders in 2007, 2010 and 2013. In order to address the corporate governance issues that are generally associated with rights plans, CA Technologies will ask its stockholders to vote on its new plan at its 2016 Annual Meeting. In general terms, and as in the existing Rights Plan, the rights are not exercisable until such time as an acquiring person becomes the beneficial owner of 20 percent or more of the Company's common stock. The "Qualifying Offer" provision of the Rights Plan establishes a process by which stockholders holding at least 10 percent of the outstanding shares may call a special meeting at which the stockholders may vote on whether to redeem the rights if a Qualifying Offer is made, while also providing the Company's Board with the time and opportunity to attract and secure potentially value-maximizing alternatives to an unsolicited takeover offer.
November 18, 2015
09:42 EDTCACA Technologies upgraded to Buy from Hold at Standpoint Research
07:03 EDTCACA Technologies announces additional $750M stock repurchase authorization
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07:03 EDTCACA Technologies announces acceleration of stock repurchase program
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07:02 EDTCACA Technologies to increase dividend to $1.02 per share in FY17
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