Does any company get sued for securities-related claims more than Siebel Systems?  It seemed that Siebel's plate was already full, what with a pending securities class action lawsuit and not one but two cases against it by the SEC for alleged violations of Reg FD.  Less than two weeks after actually winning the second Reg FD case outright on September 1, 2005, however, Siebel has been sued yet again, this time for alleged breach of fiduciary duty in connection with its acquisition by Oracle.  According to Siebel's Form 8-K filed September 19,

On September 12, 2005, Siebel and members its board of directors were named in a purported class action complaint filed in California in the San Mateo County Superior Court. The case is captioned Showers v. Siebel et al., No. CIV 449535. The complaint alleges that defendants entered into an agreement for the purchase of Siebel without having performed an active auction or conducted open bidding procedures for sale of Siebel, and that the consideration to be paid pursuant to the acquisition agreement is inadequate. The complaint also alleges that the individuals named as defendants have acted and are acting contrary to their duty.

So, Siebel, you had your eleven days off--it's time to fire up the litigation war room again!