BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL) concerning the Company and its officers’ possible violations of federal securities laws.
On June 1, 2016, after market close, several news reports disclosed that a former Oracle finance manager has filed a whistleblower lawsuit against the Company. The whistleblower complaint alleges that Oracle asked the manager to boost Oracle’s cloud computing revenue figures, and make the cloud computing segment’s performance look better. On this news the Company’s shares fell over $1.80 per share during intraday trading on June 2, 2016.
If you purchased Oracle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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