NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Oracle Corporation (NYSE: ORCL).
In January 2017 the U.S. Department of Labor (“DOL”) filed suit against the Company’s subsidiary, Oracle America, Inc., alleging systemic pay discrimination practices against female, African American, and Asian employees and other discriminatory employment practices. Recently, the presiding judge denied Oracle’s request to dismiss the case and the DOL amended its complaint to add additional evidence that, among other things, Oracle underpaid female and nonwhite workers by more than $400 million over four years and steered such employees to low-level positions with low starting salaries resulting in “female, black and Asian employees with years of experience [being] paid as much as 25 percent less than their peers.” Oracle has also been sued in a class action gender bias lawsuit filed in August 2017 on behalf of female employees alleging systematic underpayment, which is ongoing.
KSF’s investigation is focusing on whether Oracle Corporation’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Oracle Corporation shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-orcl/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.