Oracle's Pillar Deal Hurts Co., Rewards CEO: Investor

Law360, New York (October 6, 2011, 5:27 PM EDT) -- An institutional shareholder accusing Oracle Corp. CEO Lawrence Ellison of using the technology giant to buy his own Pillar Data Systems Inc. released details Thursday of its objections to the plan, hammering the executive's alleged $694 million take.

The pension fund behind the shareholder derivative suit filed a public version of a complaint that was previously sealed by the Delaware Chancery Court, outlining how it and other shareholders have allegedly been sold out by Ellison and an Oracle board in his thrall.

Oracle said in June...
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