NEW YORK, July 12, 2016 /PRNewswire/ -- 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.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong