There should be a stack trace earlier in the console output, please post that. What you have posted is just a report stating that things failed - the stack trace says why they failed.
I got the solution. Actually it was a NoClassDefFoundError for javax/servlet/Servlet. And I tried to set javaee.jar to the classpath. But it creates problem regarding some PolicyConfiguration. So I've set servlet-api.jar in classpath and it worked.
I'm running into the same issue. Where did you find the servlet-api.jar?
thanks in advance!