Investors Sue Ellison, Oracle Board Over $9.3B NetSuite Deal

Law360, Wilmington (May 9, 2017, 7:38 PM EDT) -- Shareholders of Oracle Corp. hit the tech giant with a suit in Delaware Chancery Court on Monday, accusing founder Larry Ellison of intentionally overpaying in Oracle’s $9.3 billion acquisition of Netsuite — another Ellison company — allegedly netting himself and his family $4.1 billion in the process.

The Southeastern Pennsylvania Transportation Authority says that even though the deal was vetted by a special committee of Oracle’s directors, each of them is too beholden to Ellison for personal and financial reasons to function as anything other than a rubber stamp. 

“Ellison stood on both sides of the transaction,” SEPTA said in its...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!