It is clear, based on the Court's ruling today, that Siebel Systems did not violate the spirit or letter of Regulation FD. We contested the SEC's claims in order to exonerate the company and its executives and to bring clarity to an important issue that was mishandled by the regulators. This was a win not only for Siebel but for all public companies trying to do the right thing.

Kathleen Sullivan

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[Siebel is celebrating its triumph over the SEC.] This was a win not only for Siebel but for all public companies trying to do the right thing, ... We contested the SEC's claims in order to exonerate the company and its executives and to bring clarity to an important issue that was mishandled by the regulators.

— Kathleen Sullivan

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