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City of Sunrise Firefighters' Pension Fund v. Oracle Corporation et al

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Case overview

Case Number:

5:18-cv-04844

See also:

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Beth Labson Freeman

Firms

Companies

Sectors & Industries:

  1. July 11, 2022

    Oracle Investors Strike $17.5M Deal In Securities Fraud Suit

    A German asset management firm that's representing a class of Oracle Corp. investors asked a California federal judge on Monday to preliminarily approve a $17.5 million settlement that would resolve securities fraud claims alleging the tech giant misrepresented its cloud services revenue growth.

  2. May 10, 2022

    Oracle Investors Nab Class Cert. In Securities Fraud Suit

    A California federal judge has certified a class of investors that has accused Oracle Corp. of covering up coercive sales techniques used by its cloud computing business, rejecting the technology company's argument that the investors' expert failed to provide a damages model.

  3. October 12, 2021

    Oracle Investors Want Class Cert. In Securities Fraud Suit

    A group of Oracle Corp. investors who accused the tech company of covering up coercive sales techniques used by its cloud computing business has asked a California federal court to grant class certification of their securities fraud claims.

  4. March 23, 2021

    Oracle Can't Beat Suit Eyeing Its Sales Practices

    A California federal judge on Monday declined to toss a proposed securities fraud class action accusing Oracle Corp. of misrepresenting its cloud services revenue growth, but allowed two of the software giant's executives to exit the suit.

  5. December 18, 2019

    Oracle Dodges Suit Over Improper Sales Practices

    Software giant Oracle Corp. escaped a proposed class action accusing it of using coercive sales tactics to drive revenue growth for its cloud storage product after a California federal judge wasn't convinced by shareholders that Oracle tried to cover up inflated financial prospects.

  6. June 03, 2019

    Investors Defend Suit Over Oracle's 'Coercive' Sales Tactics

    Investors defended their securities claims against Oracle Corp. on Friday, saying the technology giant cannot deny that it drove revenue growth for its cloud storage product with "coercive, financially engineered deals."

  7. April 22, 2019

    Oracle Seeks To Toss Securities Fraud Suit Over Sales Tactics

    Oracle Corp. on Friday asked a California federal judge to ax a securities class action accusing the technology giant of concealing that revenue growth for its cloud storage product was driven by "coercive" sales tactics, saying investors failed to show the company misled them.