INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Oracle Corp. & Encourages Investors with L...
July 25 2016 - 5:45AM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit was filed against Oracle Corporation (“Oracle” or
the “Company”) (NYSE: ORCL). Investors who purchased or otherwise
acquired shares between September 16, 2015 and June 1, 2016 (the
“Class Period”) are encouraged to contact the firm in advance of
the August 1, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by e-mail at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, during the Class Period, the Company
made materially false and/or misleading statements to investors
and/or failed to disclose that Oracle used improper accounting
methods to inflate the Company’s cloud computing revenues; and that
the Company violated the law when terminating senior finance
manager Svetlana Blackburn for raising the Company’s improper
accounting practices to the attention of supervisors. As a result
of the above, Oracle’s public statements were materially false and
misleading at all relevant times. On June 1, 2016 the media
reported that Ms. Blackburn sued the Company for her termination.
When this news was announced, shares of Oracle fell in value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160725005314/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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