ORCL INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class Action Involving Oracle Co...
July 18 2016 - 10:27AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Northern District of
California on behalf of investors who purchased Oracle Corporation
(NYSE: ORCL) securities between September 16, 2015 and June 1,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/oracle-corporation. There is no
cost or obligation to you.
According to the complaint, throughout the Class Period,
Defendants made false and/or misleading statements and/or failed to
disclose that: (i) Oracle used improper accounting practices to
inflate the Company’s cloud computing revenues by millions of
dollars; (ii) Oracle violated certain laws and regulations when it
terminated a senior finance manager for raising the Company’s
improper accounting practices to the attention of her supervisors;
and (iii) as a result of the foregoing, Oracle’s public statements
were materially false and misleading at all relevant times.
On June 1, 2016, media outlets reported that Oracle’s former
senior finance manager, Svetlana Blackburn, is suing the Company
for wrongful termination, alleging the Company terminated her
employment after she complained about improper accounting practices
in Oracle’s cloud services business.
If you suffered a loss in Oracle you have until August 1, 2016
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/oracle-corporation.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160718005862/en/
The Law Offices of Vincent WongVincent Wong, Esq.Tel.
212-425-1140Fax. 866-699-3880vw@wongesq.com
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