LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit was filed against Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL). Investors who purchased or otherwise acquired shares between September 16, 2015 and June 1, 2016 (the “Class Period”) are encouraged to contact the firm in advance of the August 1, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by e-mail 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.
According to the complaint, during the Class Period, the Company made materially false and/or misleading statements to investors and/or failed to disclose that Oracle used improper accounting methods to inflate the Company’s cloud computing revenues; and that the Company violated the law when terminating senior finance manager Svetlana Blackburn for raising the Company’s improper accounting practices to the attention of supervisors. As a result of the above, Oracle’s public statements were materially false and misleading at all relevant times. On June 1, 2016 the media reported that Ms. Blackburn sued the Company for her termination. When this news was announced, shares of Oracle fell in value.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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