Oracle Stock Manipulation

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PENDING

Oracle Stock Manipulation

SETTLEMENT FUND: TBD

FILING DEADLINE: TBD

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CASE NUMBER:

18-cv-04844 Court Northern District of California

CLASS PERIOD:

May 10, 2017 — March 19, 2018

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    NON-SETTLING DEFENDANTS

    Oracle

  • icon-eligible-class

    ELIGIBLE CLASS

    Purchasers of Oracle stock between May 10, 2017 and March 19, 2018.

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    PROPOSED INSTRUMENTS

    Oracle stock.

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    Preliminary Allegations

    The complaint alleges that defendants’ growth in its Cloud revenues were driven, in part, by improper, coercive sales practices, which include: (1) threatening existing customers with audits of their use of Oracle’s non-cloud software licenses and levying expensive penalties against those customers, unless the customers agreed to shift their business to Oracle cloud programs; (2) decreasing customer support for certain Oracle on-premises or hardware systems, in an effort to drive customers away from such systems and into cloud-based systems; and (3) strong-arming customers by threatening to dramatically raise the cost of legacy database licenses if the customers choose another cloud provider.

  • icon-case-summary

    Case Summary

    Class action on behalf all persons or entities who purchased or otherwise acquired securities of Oracle Corporation during the period from March 15, 2017 to June 19, 2018, pursuant to Sections 10(b), 20(a), and 20A of the Securities Exchange Act of 1934.

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  • icon-company-profile

    BRIEF COMPANY PROFILE

    Name: Oracle Corp.
    Country: United States
    Industry: Software
    Sector: Technology

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