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Oracle Has Resolved A Messy Lawsuit With A New Jersey University (ORCL)

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America's Cup Oracle boat

Oracle announced that it has "amicably resolved" its dispute with Montclair State University.

The New Jersey university sued Oracle in 2011, claiming that a demonstration of the software Oracle would install for a $15.75 million contract was "rigged" and that the contract would cost the school $20 million more than expected.

Oracle countersued, calling the lawsuit a "misguided ruse" to avoid payment and said that university leadership "did not adequately understand the technology."

PC World called the project one of the 10 biggest enterprise-software failures of 2011.

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