Securities
Feb. 18, 2009
Oracle and Shareholders Clash in Court Over Alleged Fraud
A class of shareholders suing software giant Oracle for stock losses in 2001 claim the company misled investors and inflated its numbers before announcing that it had missed its marks. If they can prove the fraud, attorneys for the shareholders argue, they should be able to proceed with their case.
Daily Journal Staff Writer SAN FRANCISCO - A class of shareholders suing software giant Oracle for stock losses in 2001 claim the company misled investors and inflated its numbers before announcing that it had missed its marks. If they can prove the fraud, attorneys for the shareholders argue, they should be able to proceed with their case. But the company argues that even if the plaintiffs are able to prove the fraud they must g...
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