LOS ANGELES–(BUSINESS WIRE)–Goldberg Law PC (www.Goldberglawpc.com)announces that a class action lawsuit has been filed against OracleCorporation (“Oracle” or the “Company”) (NYSE: ORCL). Investors whopurchased or otherwise acquired shares between September 16, 2015 andJune 1, 2016 (the “Class Period”) are encouraged to contact the firm inadvance of the August 1, 2016 lead plaintiffmotion deadline.
If you are a shareholder who suffered a loss during the Class Period, clickhere to participate. In addition, we advise you to contactMichael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of theStars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discussyour rights without cost to you. You can also reach us through thefirm’s website at http://www.Goldberglawpc.com,or by email at [email protected].
The class in this case has not yet been certified, and untilcertification occurs, you are not represented by an attorney. If youchoose to take no action, you can remain an absent class member.
According to the complaint, during the Class Period, the Company madematerially false and/or misleading statements to investors and/or failedto disclose that Oracle used improper accounting methods to inflate theCompany’s cloud computing revenues; and that the Company violated thelaw when terminating senior finance manager Svetlana Blackburn forraising the Company’s improper accounting practices to the attention ofsupervisors. As a result of the above, Oracle’s public statements werematerially false and misleading at all relevant times. On June 1, 2016the media reported that Ms. Blackburn sued the Company for hertermination. When this news was announced, shares of Oracle dropped invalue.
Goldberg Law PC represents shareholders around the world and specializesin securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in somejurisdictions under the applicable law and ethical rules.
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