DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of Oracle Corporation Of Upcoming Deadline
July 15 2016 - 3:08PM
Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Oracle
Corporation (NYSE:ORCL)?
- Did you purchase your shares between September 16, 2015
and June 1, 2016?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. reminds shareholders of Oracle
Corporation (“Oracle” or the “Company”) (NYSE:ORCL) of an upcoming
deadline involving a securities fraud lawsuit commenced against the
Company. A complaint was filed in the United States District
Court for the Northern District of California on behalf of all
persons or entities that purchased the common stock of Oracle
between September 16, 2015 and June 1, 2016 (the “Class Period”),
alleging violations of the Securities Exchange Act of 1934 against
the Company and certain of its officers (the “Complaint”).
The Complaint alleges that throughout the Class
Period, defendants made materially false and misleading statements,
and omitted materially adverse facts, about the Company’s business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public that: (1)
Oracle used improper accounting practices to inflate the Company’s
cloud computing revenues by millions of dollars; (2) in violation
of the Sarbanes-Oxley Act of 2002 (“the “Sarbanes-Oxley Act”) and
the DoddFrank Wall Street Reform and Consumer Protection Act (the
“Dodd-Frank Act”), Oracle had terminated a Senior Finance Manager
for raising the Company’s improper accounting practices to the
attention of her supervisors; and (3) as a result of the foregoing,
Oracle’s public statements were materially false and misleading at
all relevant times. As a result of defendants’ alleged false
and misleading statements, the Company’s stock traded at
artificially inflated prices during the Class Period.
If you wish to serve as lead plaintiff, you must
move the Court no later than August 1, 2016.
A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. Any member
of the proposed class may move the court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member.
If you purchased shares of Oracle during the
Class Period, or purchased shares prior to the Class Period and
still hold Oracle, and wish to discuss this action or have any
questions concerning this notice or your rights or interests,
please contact Timothy J. MacFall, Esquire or Peter Allocco of
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803 at (888) 969-4242; by e-mail to
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/oracle-corporation-orcl.
Attorney advertising. Prior results do not
guarantee a similar outcome.
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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