LOS ANGELES–(BUSINESS WIRE)–$ORCL #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Oracle Corporation (“Oracle” or “the Company”) (NYSE: ORCL)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Oracle’s cloud revenues were driven in part by coercive and
improper sales tactics. Examples of these practices include threatening
clients with audits of non-cloud software usage if the clients did not
shift software to cloud computing options. Customer support was also
decreased for certain products in an effort to encourage adoption of
cloud-based alternatives. Oracle’s sales teams would also threaten
dramatic license cost increases if customers utilized another cloud
computing provider. These tactics upset customers to the extent that
some did not renew certain software licenses, or terminated business
relationships with Oracle altogether. When the market learned the truth
about Oracle’s business practices, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at firstname.lastname@example.org.
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.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.