INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Oracle Corp. of Commencement of a Class Action Lawsuit & a Lea...
July 22 2016 - 9:36AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Oracle Corporation (“Oracle”)
(NYSE:ORCL) between September 16, 2015 and
June 1, 2016.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Northern District of
California. If you purchased or otherwise acquired Oracle
securities between September 16, 2015 and June 1, 2016, your rights
may be affected by this action. To get more information go
to:
http://www.zlk.com/pslra/oracle-corporation
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that 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 Corporation 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.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160722005419/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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